[Shin Hsing] (Acting) Haide Co. provides US dollar certificates of deposit as collateral for the company's bank credit application (original credit line renewal).
Haide Co., a subsidiary of Shin Hsing Navigation, pledged US dollar certificates of deposit amounting to 2 million thousand USD for a bank credit application, leading to a total endorsement guarantee balance of 5.3 million thousand USD for Shin Hsing Navigation.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 14, 2026 at 09:24 (1h 24m after Collected)
1. Date of occurrence: 115/05/13
2. Company under endorsement guarantee:
(1) Company name: Shin Hsing Navigation Co., Ltd.
(2) Relationship with the company providing endorsement guarantee: 100% wholly-owned parent company
(3) Endorsement guarantee limit (in thousands NTD): 6,316,257
(4) Original endorsement guarantee balance (in thousands NTD): 3,300,000
(5) New endorsement guarantee amount (in thousands NTD): 2,000,000
(6) Endorsement guarantee balance as of the date of occurrence (in thousands NTD): 5,300,000
(7) Actual amount used by the endorsed company (in thousands NTD): 2,953,000
(8) Reason for new endorsement guarantee: Renewal of bank credit agreement.
3. Collateral provided by the endorsed company:
(1) Content: None.
(2) Value (in thousands NTD): 0
4. Most recent financial statements of the endorsed company:
(1) Capital (in thousands NTD): 5,853,533
(2) Accumulated profit/loss (in thousands NTD): 8,252,110
5. Release of endorsement guarantee liability:
(1) Conditions: The endorsement guarantee liability can be released upon repayment of the loan, termination of the contract, or release of the collateral pledge.
(2) Date: Same as above.
6. Total endorsement guarantee limit (in thousands NTD): 52,995,801
7. Endorsement guarantee balance as of the date of occurrence (in thousands NTD): 15,256,300
8. As of the date of occurrence, ratio of endorsement guarantee balance to the net worth of the public company's most recent financial statements: 86.36%
9. As of the date of occurrence, ratio of total endorsement guarantee, long-term investments, and loans to the net worth of the public company's most recent financial statements: 34.49%
10. Other matters that should be specified: None.
Keywords: Material Information
2. Company under endorsement guarantee:
(1) Company name: Shin Hsing Navigation Co., Ltd.
(2) Relationship with the company providing endorsement guarantee: 100% wholly-owned parent company
(3) Endorsement guarantee limit (in thousands NTD): 6,316,257
(4) Original endorsement guarantee balance (in thousands NTD): 3,300,000
(5) New endorsement guarantee amount (in thousands NTD): 2,000,000
(6) Endorsement guarantee balance as of the date of occurrence (in thousands NTD): 5,300,000
(7) Actual amount used by the endorsed company (in thousands NTD): 2,953,000
(8) Reason for new endorsement guarantee: Renewal of bank credit agreement.
3. Collateral provided by the endorsed company:
(1) Content: None.
(2) Value (in thousands NTD): 0
4. Most recent financial statements of the endorsed company:
(1) Capital (in thousands NTD): 5,853,533
(2) Accumulated profit/loss (in thousands NTD): 8,252,110
5. Release of endorsement guarantee liability:
(1) Conditions: The endorsement guarantee liability can be released upon repayment of the loan, termination of the contract, or release of the collateral pledge.
(2) Date: Same as above.
6. Total endorsement guarantee limit (in thousands NTD): 52,995,801
7. Endorsement guarantee balance as of the date of occurrence (in thousands NTD): 15,256,300
8. As of the date of occurrence, ratio of endorsement guarantee balance to the net worth of the public company's most recent financial statements: 86.36%
9. As of the date of occurrence, ratio of total endorsement guarantee, long-term investments, and loans to the net worth of the public company's most recent financial statements: 34.49%
10. Other matters that should be specified: None.
Keywords: Material Information