Poteen Announces Loan to Subsidiary Under Publicly Traded Company Lending and Guarantee Regulations Article 22 Paragraph 1 Clause 2 and 3
Poteen has announced a new fund loan of NT$34,988 thousand to its subsidiary, Crystal Success Materials Co., Ltd., to meet operational funding needs. The loan carries 0% annual interest and requires full principal repayment within one year.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 09:00
- 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 16, 2026 at 17:17 (17 min after Collected)
1. Date of Event: 115/06/15
2. Recipient of Fund Loan:
(1) Company Name: Crystal Success Materials Co., Ltd.
(2) Relationship with Lending Company: Direct investment by the company or through a company holding 100% voting rights
(3) Loan Limit (in thousand NTD): 959,707
(4) Previous Loan Balance (in thousand NTD): 288,941
(5) Amount of New Loan (in thousand NTD): 34,988
(6) Whether the Board authorized the Chairman to disburse loans in installments or allow revolving use to the same borrower: No
(7) Loan Balance as of Event Date (in thousand NTD): 323,929
(8) Reason for New Loan: Operational funding needs
3. Collateral Provided by Borrower:
(1) Description: None
(2) Value (in thousand NTD): 0
4. Latest Financial Statement of Borrower:
(1) Capital (in thousand NTD): 780,000
(2) Accumulated Deficit (in thousand NTD): -333,361
5. Interest Calculation Method: 0% per annum
6. Repayment Terms:
(1) Condition: Full principal repayment at maturity
(2) Date: One year after loan disbursement
7. Total Loan Balance as of Event Date (in thousand NTD): 333,259
8. Ratio of Total Loan Balance to Net Equity of Publicly Traded Company (Latest Financial Statement): 19.57%
9. Source of Loan Funds: Subsidiary's own funds
10. Other Disclosures: None
2. Recipient of Fund Loan:
(1) Company Name: Crystal Success Materials Co., Ltd.
(2) Relationship with Lending Company: Direct investment by the company or through a company holding 100% voting rights
(3) Loan Limit (in thousand NTD): 959,707
(4) Previous Loan Balance (in thousand NTD): 288,941
(5) Amount of New Loan (in thousand NTD): 34,988
(6) Whether the Board authorized the Chairman to disburse loans in installments or allow revolving use to the same borrower: No
(7) Loan Balance as of Event Date (in thousand NTD): 323,929
(8) Reason for New Loan: Operational funding needs
3. Collateral Provided by Borrower:
(1) Description: None
(2) Value (in thousand NTD): 0
4. Latest Financial Statement of Borrower:
(1) Capital (in thousand NTD): 780,000
(2) Accumulated Deficit (in thousand NTD): -333,361
5. Interest Calculation Method: 0% per annum
6. Repayment Terms:
(1) Condition: Full principal repayment at maturity
(2) Date: One year after loan disbursement
7. Total Loan Balance as of Event Date (in thousand NTD): 333,259
8. Ratio of Total Loan Balance to Net Equity of Publicly Traded Company (Latest Financial Statement): 19.57%
9. Source of Loan Funds: Subsidiary's own funds
10. Other Disclosures: None
FAQ
Is Poteen's loan to its subsidiary a risk for investors?
The loan balance is 19.57% of equity, within regulatory limits, indicating manageable risk.
Should we worry about Crystal Success's accumulated deficit?
Ongoing support from the parent suggests strategic investment rather than financial distress.
Is intra-group lending common in this industry?
Yes, common in semiconductor supply chains to maintain production stability.