[Evergreen-KY] Announcement of Subsidiary's Default on Bank Loans
Evergreen-KY announced that its subsidiary, the Taiwan branch of Evergreen Energy Materials (BVI), defaulted on a bank loan from CTBC Bank on May 25, 115, due to capital management difficulties. The default amount is NT$45,721,000. The company is currently negotiating for an extension.
📋 Article Processing Timeline
- 📰 Published: May 25, 2026 at 09:00
- 🔍 Collected: May 26, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 20:11 (132h 11m after Collected)
1. Company name: Evergreen Energy Materials Co., Ltd. (BVI) Taiwan Branch. 2. Relationship: 100% owned subsidiary. 3. Date of default: 115/05/25. 4. Amount of default: NT$45,721,000. 5. Event details: The loan from CTBC Bank matured on May 25, 115, but due to overall capital management difficulties, the company was unable to repay, resulting in a default. 6. Response measures: Continuing to negotiate with creditor banks to extend the maturity of principal and interest. 7. Other notes: If subsequent short-term loans are not extended or negotiations fail, further defaults may occur.
FAQ
Why did the company fail to repay the loan?
Due to overall difficulties in capital management.