Connet-KY Provides Endorsement Guarantee for Subsidiaries and Sub-Subsidiaries, Announced per Public Company Funds Lending and Endorsement Guarantee Handling Guidelines
Connet-KY announced providing endorsement guarantees for a syndicated loan of up to TWD 2.8 billion for its wholly-owned subsidiary, Connet Optoelectronics Co., Ltd., and its wholly-owned sub-subsidiary, Pinnaclite Technologies Taiwan Branch. The total outstanding guarantee is TWD 2,965,000 thousand, representing 86.21% of the parent company's net equity.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 08:41 (40 min after Collected)
1. Date of occurrence of the event: 115/05/08
2. The guaranteed party:
(1) Company name: Connet Optoelectronics Co., Ltd. and Pinnaclite Technologies Taiwan Branch
(2) Relationship with the company providing the endorsement guarantee: Wholly-owned subsidiary and Taiwan Branch of a wholly-owned sub-subsidiary of the company.
(3) Guarantee limit (in thousands of NTD): 8,040,252
(4) Original outstanding guarantee (in thousands of NTD): 165,000
(5) Amount of new guarantee added this time (in thousands of NTD): 2,800,000
(6) Outstanding guarantee up to the date of occurrence (in thousands of NTD): 2,965,000
(7) Actual amount drawn by the guaranteed company (in thousands of NTD): 35,000
(8) Reason for the new guarantee: Application for a syndicated loan of up to NTD 2.8 billion with Taipei Fubon Commercial Bank as the lead arranger.
3. Collateral provided by the guaranteed company:
(1) Content:
(1) All equity of Connet Optoelectronics Co., Ltd., Pinnaclite Technologies, Inc., PCL Technologies Trading, Inc., and PCL (BVI), Inc.
(2) Foreign corporate bonds held by PCL Technologies Trading, Inc.
(2) Value (in thousands of NTD): 1,065,078
4. Latest financial statement of the guaranteed company:
(1) Capital (in thousands of NTD): 218,300
(2) Accumulated profit/loss (in thousands of NTD): -208,527
5. Conditions for release from guarantee liability:
(1) Conditions: As stipulated in the loan agreement.
(2) Date: As stipulated in the loan agreement.
6. Total guarantee limit (in thousands of NTD): 8,040,252
7. Outstanding guarantee up to the date of occurrence (in thousands of NTD): 3,465,947
8. Ratio of outstanding guarantee to the net equity of the publicly issued company's latest financial report, up to the date of occurrence: 86.21%
9. Total of outstanding guarantee, long-term investments, and funds lent as a ratio to the net equity of the publicly issued company's latest financial report, up to the date of occurrence: 88.34%
10. Other matters to be specified:
1. USD exchange rate is calculated at 1:31.66 against NTD.
2. The value of the collateral is based on the net value of foreign corporate bonds held by PCL Technologies Trading, Inc. as of 115/4/30.
2. The guaranteed party:
(1) Company name: Connet Optoelectronics Co., Ltd. and Pinnaclite Technologies Taiwan Branch
(2) Relationship with the company providing the endorsement guarantee: Wholly-owned subsidiary and Taiwan Branch of a wholly-owned sub-subsidiary of the company.
(3) Guarantee limit (in thousands of NTD): 8,040,252
(4) Original outstanding guarantee (in thousands of NTD): 165,000
(5) Amount of new guarantee added this time (in thousands of NTD): 2,800,000
(6) Outstanding guarantee up to the date of occurrence (in thousands of NTD): 2,965,000
(7) Actual amount drawn by the guaranteed company (in thousands of NTD): 35,000
(8) Reason for the new guarantee: Application for a syndicated loan of up to NTD 2.8 billion with Taipei Fubon Commercial Bank as the lead arranger.
3. Collateral provided by the guaranteed company:
(1) Content:
(1) All equity of Connet Optoelectronics Co., Ltd., Pinnaclite Technologies, Inc., PCL Technologies Trading, Inc., and PCL (BVI), Inc.
(2) Foreign corporate bonds held by PCL Technologies Trading, Inc.
(2) Value (in thousands of NTD): 1,065,078
4. Latest financial statement of the guaranteed company:
(1) Capital (in thousands of NTD): 218,300
(2) Accumulated profit/loss (in thousands of NTD): -208,527
5. Conditions for release from guarantee liability:
(1) Conditions: As stipulated in the loan agreement.
(2) Date: As stipulated in the loan agreement.
6. Total guarantee limit (in thousands of NTD): 8,040,252
7. Outstanding guarantee up to the date of occurrence (in thousands of NTD): 3,465,947
8. Ratio of outstanding guarantee to the net equity of the publicly issued company's latest financial report, up to the date of occurrence: 86.21%
9. Total of outstanding guarantee, long-term investments, and funds lent as a ratio to the net equity of the publicly issued company's latest financial report, up to the date of occurrence: 88.34%
10. Other matters to be specified:
1. USD exchange rate is calculated at 1:31.66 against NTD.
2. The value of the collateral is based on the net value of foreign corporate bonds held by PCL Technologies Trading, Inc. as of 115/4/30.