SinoPac Financial Holdings Announces Transfer of Syndicated Loan Assets by Subsidiary SinoPac Commercial Bank
SinoPac Financial Holdings announced that its subsidiary, SinoPac Commercial Bank, will transfer over US$28.8 million in syndicated loan assets to Bank of America or other potential counterparties to reduce credit exposure.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 09:10 (1h 10m after Collected)
1. Name and nature of the target (if special shares, specify terms of issue, such as dividend rate): Transfer of syndicated loan assets.
2. Date of occurrence: 2026/5/7~2026/5/7
3. Date of board approval: Not applicable
4. Other approval date:
Approval level: Chairman's approval
May 7, 2026
5. Quantity of trading units, price per unit, and total transaction amount:
US$28,882,914.55.
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
(1) Counterparty: Bank of America or other potential counterparties.
(2) Relationship with the company: Non-related party.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object and the previous owner, the relationship between the previous owner and the company and the counterparty, the date of previous transfer, and the transfer amount shall also be announced:
Not applicable.
8. If the ownership of the transaction target has been a related party of the company within the past five years, the date and price of acquisition and disposition by the related party and its relationship with the company at the time of the transaction shall also be announced:
Not applicable.
9. Matters related to the disposition of claims (including the type of collateral attached to the disposed claims, if the disposed claims belong to claims against related parties, the name of the related party and the book value of the disposed claims against the related party shall also be announced):
Not applicable.
10. Gains (or losses) from disposition (not applicable to acquisition of marketable securities) (deferred items should be listed with recognition status):
None.
11. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements:
Handled in accordance with relevant provisions of the syndicated loan agreement.
12. Method of determining this transaction, basis for price determination, and decision-making unit:
Handled in accordance with the bank's hierarchical management regulations. Related terms are based on the syndicated loan agreement and general market practices for syndicated loans.
13. Net value per share of the target company for acquiring or disposing of marketable securities:
Not applicable.
14. As of now, the accumulated quantity, amount, shareholding ratio, and restrictions on rights (such as pledges) of these securities (including this transaction):
Not applicable.
15. As of now, the proportion of investment in marketable securities listed in Article 3 of the 'Regulations Governing the Acquisition and Disposal of Assets by Public Companies' (including this transaction) to the company's total assets and equity attributable to owners of the parent in the latest financial report, and the working capital amount in the latest financial report:
Not applicable.
16. Broker and brokerage fees:
Not applicable.
17. Specific purpose or use of acquisition or disposition:
To reduce credit exposure.
18. Opinions of dissenting directors on this transaction:
Not applicable.
19. Is this transaction a related party transaction: No
20. Date of approval by supervisors or audit committee:
Not applicable.
21. Accountant issued an unreasonable opinion on this transaction: Not applicable
22. Name of accounting firm:
Not applicable.
23. Name of accountant:
Not applicable.
24. Accountant's practicing certificate number:
Not applicable.
25. Does it involve changes in operating model: No
26. Explanation of changes in operating model:
Not applicable.
27. Transaction status with counterparties in the past year and estimated next year:
Not applicable.
28. Source of funds:
Not applicable.
29. Date of previous material information announced for the same event: Not applicable
30. Other matters to be specified:
The total transaction amount is converted based on the 2026/4/28 USD/NTD exchange rate of 31.58.
2. Date of occurrence: 2026/5/7~2026/5/7
3. Date of board approval: Not applicable
4. Other approval date:
Approval level: Chairman's approval
May 7, 2026
5. Quantity of trading units, price per unit, and total transaction amount:
US$28,882,914.55.
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
(1) Counterparty: Bank of America or other potential counterparties.
(2) Relationship with the company: Non-related party.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object and the previous owner, the relationship between the previous owner and the company and the counterparty, the date of previous transfer, and the transfer amount shall also be announced:
Not applicable.
8. If the ownership of the transaction target has been a related party of the company within the past five years, the date and price of acquisition and disposition by the related party and its relationship with the company at the time of the transaction shall also be announced:
Not applicable.
9. Matters related to the disposition of claims (including the type of collateral attached to the disposed claims, if the disposed claims belong to claims against related parties, the name of the related party and the book value of the disposed claims against the related party shall also be announced):
Not applicable.
10. Gains (or losses) from disposition (not applicable to acquisition of marketable securities) (deferred items should be listed with recognition status):
None.
11. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements:
Handled in accordance with relevant provisions of the syndicated loan agreement.
12. Method of determining this transaction, basis for price determination, and decision-making unit:
Handled in accordance with the bank's hierarchical management regulations. Related terms are based on the syndicated loan agreement and general market practices for syndicated loans.
13. Net value per share of the target company for acquiring or disposing of marketable securities:
Not applicable.
14. As of now, the accumulated quantity, amount, shareholding ratio, and restrictions on rights (such as pledges) of these securities (including this transaction):
Not applicable.
15. As of now, the proportion of investment in marketable securities listed in Article 3 of the 'Regulations Governing the Acquisition and Disposal of Assets by Public Companies' (including this transaction) to the company's total assets and equity attributable to owners of the parent in the latest financial report, and the working capital amount in the latest financial report:
Not applicable.
16. Broker and brokerage fees:
Not applicable.
17. Specific purpose or use of acquisition or disposition:
To reduce credit exposure.
18. Opinions of dissenting directors on this transaction:
Not applicable.
19. Is this transaction a related party transaction: No
20. Date of approval by supervisors or audit committee:
Not applicable.
21. Accountant issued an unreasonable opinion on this transaction: Not applicable
22. Name of accounting firm:
Not applicable.
23. Name of accountant:
Not applicable.
24. Accountant's practicing certificate number:
Not applicable.
25. Does it involve changes in operating model: No
26. Explanation of changes in operating model:
Not applicable.
27. Transaction status with counterparties in the past year and estimated next year:
Not applicable.
28. Source of funds:
Not applicable.
29. Date of previous material information announced for the same event: Not applicable
30. Other matters to be specified:
The total transaction amount is converted based on the 2026/4/28 USD/NTD exchange rate of 31.58.