Yowang Revises Announcement for Subsidiary Loop Power Enterprise Corp. (Samoa)
Yowang announced a revision to its announcement regarding its subsidiary, Loop Power Enterprise Corp. (Samoa), concerning a loan to Loop Power Company Limited (Vietnam). The new loan amount is 55.002 million NTD, intended for short-term operational turnover. The loan bears an annual interest rate of 5% and is for a term of one year.
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- 📰 Published: May 11, 2026 at 09:00
- 🔍 Collected: May 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 12, 2026 at 18:39 (10h 39m after Collected)
Yowang's subsidiary, Loop Power Enterprise Corp. (Samoa), will provide a short-term operational loan of 55.002 million NTD (USD 1.75 million) to its wholly-owned subsidiary, Loop Power Company Limited (Vietnam). The loan has a term of one year and an annual interest rate of 5%. The total outstanding loan balance after this addition will be 55.002 million NTD. This decision was approved by the board of directors on May 11, 115 (2026).
FAQ
Who is receiving the loan?
Loop Power Company Limited (Vietnam), a wholly-owned subsidiary of Loop Power Enterprise Corp. (Samoa).
What is the purpose of the loan?
Short-term operational turnover.
What is the loan amount and interest rate?
The new loan amount is 55.002 million NTD (equivalent to USD 1.75 million). The annual interest rate is 5%.
What is the loan term?
One year from the loan date.