[Shinyang Construction] Announcement regarding Board approval of Bank Syndicated Loan
Shinyang Construction has entered into a syndicated loan agreement for 16.8 billion NTD with a bank consortium led by Taipei Fubon Bank to refinance debt and fund development projects.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 09:00
- 🔍 Collected: May 22, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 22, 2026 at 09:58 (1h 58m after Collected)
1. Date of occurrence: May 21, 2026
2. Counterparty to the contract/commitment: A syndicated bank group including Taipei Fubon Commercial Bank, Mega International Commercial Bank, and Chang Hwa Commercial Bank.
3. Relationship with the company: None.
4. Duration of contract/commitment: Five years from the date of initial utilization.
5. Main content: Syndicated loan agreement for a total limit of 16.8 billion NTD. (Company borrowing limit: 8.4 billion NTD; Yichuan Development borrowing limit: 8.4 billion NTD).
6. Restrictions: Subject to the syndicated loan agreement.
7. Commitments: Subject to the syndicated loan agreement.
8. Other important terms: Subject to the syndicated loan agreement.
9. Impact on company finance/business: Strengthening of operating capital.
10. Specific purpose: Partial repayment of 2023 syndicated loan balance, Hsinchu Imperial City Phase 2 development project, and associated infrastructure construction.
11. Other notes: None.
2. Counterparty to the contract/commitment: A syndicated bank group including Taipei Fubon Commercial Bank, Mega International Commercial Bank, and Chang Hwa Commercial Bank.
3. Relationship with the company: None.
4. Duration of contract/commitment: Five years from the date of initial utilization.
5. Main content: Syndicated loan agreement for a total limit of 16.8 billion NTD. (Company borrowing limit: 8.4 billion NTD; Yichuan Development borrowing limit: 8.4 billion NTD).
6. Restrictions: Subject to the syndicated loan agreement.
7. Commitments: Subject to the syndicated loan agreement.
8. Other important terms: Subject to the syndicated loan agreement.
9. Impact on company finance/business: Strengthening of operating capital.
10. Specific purpose: Partial repayment of 2023 syndicated loan balance, Hsinchu Imperial City Phase 2 development project, and associated infrastructure construction.
11. Other notes: None.
FAQ
What is the purpose of Shinyang Construction's credit facility?
To repay 2023 loans and secure funding for projects including the Hsinchu Imperial City phase 2 development.
What is Shinyang Construction's core business?
The company specializes in residential real estate development, property sales, and urban planning projects.