[MiTAC] Subsidiary Mega Prosper Group Limited Announces Additional Funding Loan
MiTAC's consolidated subsidiary, Mega Prosper Group Limited, provides a funding loan to MitacIS, exceeding 2% of its net worth.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 09:00
- 🔍 Collected: May 20, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 20, 2026 at 08:27 (27 min after Collected)
1. Date of Occurrence: 2026/05/19
2. Recipient of Funding:
(1) Company Name: MiTAC Information Systems Corp. (hereinafter "MitacIS")
(2) Relationship to Lender: Same parent company (MiTAC Technology Corp.)
(3) Funding Limit (in thousands): 25,242,123
(4) Original Outstanding Balance (in thousands): 6,309,000
(5) Amount of Additional Funding (in thousands): 3,154,500
(6) Authorized by the Board for revolving use: Yes
(7) Outstanding Balance as of today (in thousands): 9,463,500
(8) Reason for Additional Funding: Flexible utilization of funds.
3. Collateral provided by the recipient:
(1) Content: None
(2) Value (in thousands): 0
4. Recipient's recent financial statements:
(1) Capital (in thousands): 3,091,467
(2) Cumulative Profit/Loss (in thousands): 2,565,057
5. Interest Calculation: Per contractual agreement
6. Repayment:
(1) Conditions: Dependent on liquidity
(2) Date: Repayment within the loan period based on liquidity
7. Total Outstanding Balance (in thousands): 84,464,698
8. Ratio of Outstanding Balance to Net Worth (%): 127.13
9. Source of Funds: Subsidiary's own funds
10. Other notes: None
2. Recipient of Funding:
(1) Company Name: MiTAC Information Systems Corp. (hereinafter "MitacIS")
(2) Relationship to Lender: Same parent company (MiTAC Technology Corp.)
(3) Funding Limit (in thousands): 25,242,123
(4) Original Outstanding Balance (in thousands): 6,309,000
(5) Amount of Additional Funding (in thousands): 3,154,500
(6) Authorized by the Board for revolving use: Yes
(7) Outstanding Balance as of today (in thousands): 9,463,500
(8) Reason for Additional Funding: Flexible utilization of funds.
3. Collateral provided by the recipient:
(1) Content: None
(2) Value (in thousands): 0
4. Recipient's recent financial statements:
(1) Capital (in thousands): 3,091,467
(2) Cumulative Profit/Loss (in thousands): 2,565,057
5. Interest Calculation: Per contractual agreement
6. Repayment:
(1) Conditions: Dependent on liquidity
(2) Date: Repayment within the loan period based on liquidity
7. Total Outstanding Balance (in thousands): 84,464,698
8. Ratio of Outstanding Balance to Net Worth (%): 127.13
9. Source of Funds: Subsidiary's own funds
10. Other notes: None
FAQ
Why is this intercompany loan conducted?
It aims to utilize funds flexibly across the group, optimizing operations for the borrower.
What is the impact on investors?
While it improves group capital efficiency, investors should note the credit risk of the borrower.
Are there limitations on such loans?
Yes, this specific transaction exceeds 2% of the net worth from the recent financial statement, requiring public disclosure.