Ching Cheng Technology Board Resolves to Increase Capital in 100%-Owned Subsidiary GBM Electronics (M) Sdn. Bhd.
Ching Cheng Technology's board has resolved to inject MYR 70 million (approximately NTD 564.144 million) into its wholly-owned subsidiary, GBM Electronics (M) Sdn. Bhd. The capital increase is for long-term investment, with funding to be secured through bank loans due to current negative working capital.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 09:00
- 🔍 Collected: April 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 29, 2026 at 08:10 (10 min after Collected)
1. Name and Nature of the Target (for preferred shares, issuance conditions such as dividend rate should also be specified): GBM Electronics (M) Sdn. Bhd., Ordinary Shares
2. Date of Occurrence: 2026/4/28~2026/4/28
3. Date of Board Resolution: April 28, 2026
4. Other Approval Dates: Not applicable
5. Transaction Volume, Unit Price, and Total Transaction Amount:
Transaction Volume: 70,000,000 shares
Unit Price: MYR 1 per share
Total Transaction Amount: MYR 70,000,000 (approximately NTD 564,144 thousand)
6. Counterparty and its Relationship with the Company (for natural persons, if not a related party of the company, their name may be omitted):
GBM Electronics (M) Sdn. Bhd.; a 100% owned subsidiary of the company
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date and amount should be disclosed: Not applicable
8. If the owner of the transaction target has been a related party of the company within the past five years, the related party's acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be disclosed: Not applicable
9. Matters related to the disposal of claims (including the type of collateral attached to the claims, if the claims belong to related parties, the name of the related party and the book value of the disposed claims of that related party should be announced):
Not applicable
10. Disposal gains (or losses) (not applicable to acquisition of securities) (for deferred items, the recognition status should be listed):
Not applicable
11. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Covenants:
Payment terms: Handled according to board resolution
Contractual restrictions and other important covenants: None
12. Decision-making method, reference basis for price determination, and decision-making unit for this transaction:
Handled according to board resolution
13. Net asset value per share of the acquired or disposed securities target company: NTD 9.30
14. As of now, the cumulative number, amount, shareholding ratio, and restricted rights (such as pledges) of these transaction securities (including this transaction) held:
Number: 270,000,000 shares
Amount: MYR 270,000,000
Shareholding ratio: 100%
Restricted rights: None
15. As of now, the proportion of investment in securities (including this transaction) listed in Article 3 of the 'Regulations Governing the Acquisition and Disposal of Assets by Public Companies' to the total assets and owners' equity attributable to the parent company in the latest financial report, and the amount of working capital in the latest financial report (Note 2):
Proportion of total assets: 43.7%
Proportion of shareholders' equity: 80.8%
Working capital: NTD (6,707,408) thousand
16. Brokers and Brokerage Fees: Not applicable
17. Specific Purpose or Use of Acquisition or Disposal: Long-term investment
18. Opinions of dissenting directors on this transaction: None
19. This transaction is a related party transaction: Yes
20. Date of Approval by Supervisors or Audit Committee: April 28, 2026
21. Accountant's opinion on non-reasonableness of this transaction: Not applicable
22. Accountant Firm Name: Not applicable
23. Accountant Name: Not applicable
24. Accountant License Number: Not applicable
25. Does it involve changes in business model: No
26. Explanation of business model changes: Not applicable
27. Transaction status with the counterparty in the past year and expected next year: Not applicable
28. Source of funds: Not applicable
29. Date of previous material information release on the same event: Not applicable
30. Other matters to be specified:
Exchange rate MYR:NTD =1: 8.0592.
Explanation of the source of funds for acquiring these securities despite the company's negative working capital: The company plans to borrow from banks to acquire the equity capital increase of its subsidiary.
Keywords: Material Information
2. Date of Occurrence: 2026/4/28~2026/4/28
3. Date of Board Resolution: April 28, 2026
4. Other Approval Dates: Not applicable
5. Transaction Volume, Unit Price, and Total Transaction Amount:
Transaction Volume: 70,000,000 shares
Unit Price: MYR 1 per share
Total Transaction Amount: MYR 70,000,000 (approximately NTD 564,144 thousand)
6. Counterparty and its Relationship with the Company (for natural persons, if not a related party of the company, their name may be omitted):
GBM Electronics (M) Sdn. Bhd.; a 100% owned subsidiary of the company
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date and amount should be disclosed: Not applicable
8. If the owner of the transaction target has been a related party of the company within the past five years, the related party's acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be disclosed: Not applicable
9. Matters related to the disposal of claims (including the type of collateral attached to the claims, if the claims belong to related parties, the name of the related party and the book value of the disposed claims of that related party should be announced):
Not applicable
10. Disposal gains (or losses) (not applicable to acquisition of securities) (for deferred items, the recognition status should be listed):
Not applicable
11. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Covenants:
Payment terms: Handled according to board resolution
Contractual restrictions and other important covenants: None
12. Decision-making method, reference basis for price determination, and decision-making unit for this transaction:
Handled according to board resolution
13. Net asset value per share of the acquired or disposed securities target company: NTD 9.30
14. As of now, the cumulative number, amount, shareholding ratio, and restricted rights (such as pledges) of these transaction securities (including this transaction) held:
Number: 270,000,000 shares
Amount: MYR 270,000,000
Shareholding ratio: 100%
Restricted rights: None
15. As of now, the proportion of investment in securities (including this transaction) listed in Article 3 of the 'Regulations Governing the Acquisition and Disposal of Assets by Public Companies' to the total assets and owners' equity attributable to the parent company in the latest financial report, and the amount of working capital in the latest financial report (Note 2):
Proportion of total assets: 43.7%
Proportion of shareholders' equity: 80.8%
Working capital: NTD (6,707,408) thousand
16. Brokers and Brokerage Fees: Not applicable
17. Specific Purpose or Use of Acquisition or Disposal: Long-term investment
18. Opinions of dissenting directors on this transaction: None
19. This transaction is a related party transaction: Yes
20. Date of Approval by Supervisors or Audit Committee: April 28, 2026
21. Accountant's opinion on non-reasonableness of this transaction: Not applicable
22. Accountant Firm Name: Not applicable
23. Accountant Name: Not applicable
24. Accountant License Number: Not applicable
25. Does it involve changes in business model: No
26. Explanation of business model changes: Not applicable
27. Transaction status with the counterparty in the past year and expected next year: Not applicable
28. Source of funds: Not applicable
29. Date of previous material information release on the same event: Not applicable
30. Other matters to be specified:
Exchange rate MYR:NTD =1: 8.0592.
Explanation of the source of funds for acquiring these securities despite the company's negative working capital: The company plans to borrow from banks to acquire the equity capital increase of its subsidiary.
Keywords: Material Information