[Yung Kang-KY] Announcement Regarding Court-Ordered Provisional Seizure by Important Subsidiary Yung Kang Energy Material Co., Ltd. Taiwan Branch
Yung Kang Energy Material Co., Ltd. Taiwan Branch announced that the Taiwan New Taipei District Court has executed a provisional seizure at the request of creditor E. SUN Commercial Bank. The requested seizure amount is NT$49,998,643 plus NT$399,989 in execution fees. The company has appointed legal counsel and is actively negotiating with the bank, stating no significant impact on current operations.
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- 📰 Published: April 16, 2026 at 09:00
- 🔍 Collected: April 17, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 01:12 (41h 12m after Collected)
1. Parties to the Legal Case: Yung Kang Energy Material Co., Ltd. Taiwan Branch (British Virgin Islands)
2. Name of Court or Disciplinary Authority: Taiwan New Taipei District Court, Civil Execution Division
3. Case Number or Relevant Document Number: New Taipei Court Yin 115 Si Zhi Quan Zhu Hong 252 Zi Di 1154058784
4. Date of Occurrence: 115/04/16
5. Cause of Occurrence (including subject of dispute):
This is a provisional seizure enforcement case between creditor E. SUN Commercial Bank Co., Ltd. and debtor Yung Kang Energy Material Co., Ltd. Taiwan Branch. The creditor has requested the seizure of the aforementioned debt, within the scope of NT$49,998,643 and NT$399,989 in execution fees.
6. Handling Process:
Legal counsel has been appointed to handle related matters, and active debt negotiations are underway with the bank.
7. Impact on Company's Financial and Business Operations and Estimated Impact Amount:
This case currently has no significant impact on the financial and business operations of Yung Kang Energy Material Co., Ltd. Taiwan Branch.
8. Response Measures and Improvement Status:
Legal counsel has been appointed to handle related matters, active debt negotiations are underway with the bank, and information will be disclosed as required.
9. Other matters to be stated (If the entity subject to the event or resolution is a publicly issued company or above, this material information also meets the criteria of Article 7, Sub-clause 2 of the Securities Transaction Act Enforcement Rules regarding matters that have a material impact on shareholder rights or security prices): None.
2. Name of Court or Disciplinary Authority: Taiwan New Taipei District Court, Civil Execution Division
3. Case Number or Relevant Document Number: New Taipei Court Yin 115 Si Zhi Quan Zhu Hong 252 Zi Di 1154058784
4. Date of Occurrence: 115/04/16
5. Cause of Occurrence (including subject of dispute):
This is a provisional seizure enforcement case between creditor E. SUN Commercial Bank Co., Ltd. and debtor Yung Kang Energy Material Co., Ltd. Taiwan Branch. The creditor has requested the seizure of the aforementioned debt, within the scope of NT$49,998,643 and NT$399,989 in execution fees.
6. Handling Process:
Legal counsel has been appointed to handle related matters, and active debt negotiations are underway with the bank.
7. Impact on Company's Financial and Business Operations and Estimated Impact Amount:
This case currently has no significant impact on the financial and business operations of Yung Kang Energy Material Co., Ltd. Taiwan Branch.
8. Response Measures and Improvement Status:
Legal counsel has been appointed to handle related matters, active debt negotiations are underway with the bank, and information will be disclosed as required.
9. Other matters to be stated (If the entity subject to the event or resolution is a publicly issued company or above, this material information also meets the criteria of Article 7, Sub-clause 2 of the Securities Transaction Act Enforcement Rules regarding matters that have a material impact on shareholder rights or security prices): None.