China General Plastics Corporation Announces New Inter-Company Loans Under Article 22 of Regulations Governing Loaning Funds to and Endorsements/Guarantees for Other Parties by Public Companies
China General Plastics Corporation announced new inter-company loans to two subsidiaries under Article 22 of the regulations for public companies. A loan of NT$1 billion was granted to China General Polymer Corporation and NT$500 million to Taiwan VCM Corporation, totaling NT$1.5 billion. These loans address short-term funding needs, with the loan to China General Polymer being a renewal of a previous expiring loan.
📋 Article Processing Timeline
- 📰 Published: May 4, 2026 at 09:00
- 🔍 Collected: May 5, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 5, 2026 at 08:41 (40 min after Collected)
1. Date of occurrence of the event: 2026/05/04
2. Recipient of funds loan:
(1) Company name: China General Polymer Corporation
(2) Relationship with the company lending funds to others: A 100% directly-held subsidiary of our company
(3) Limit of funds loan (in thousands of NTD): 3,055,809
(4) Original balance of funds loan (in thousands of NTD): 0
(5) Amount of new funds loan this time (in thousands of NTD): 1,000,000
(6) Whether this funds loan is authorized by the Board of Directors for the Chairman to make multiple disbursements or revolving use to the same counterparty: Yes
(7) Balance of funds loan up to the date of occurrence (in thousands of NTD): 1,000,000
(8) Reason for this new funds loan: Short-term funding needs.
(1) Company name: Taiwan VCM Corporation
(2) Relationship with the company lending funds to others: An 87.31% directly-held subsidiary of our company
(3) Limit of funds loan (in thousands of NTD): 3,055,809
(4) Original balance of funds loan (in thousands of NTD): 0
(5) Amount of new funds loan this time (in thousands of NTD): 500,000
(6) Whether this funds loan is authorized by the Board of Directors for the Chairman to make multiple disbursements or revolving use to the same counterparty: Yes
(7) Balance of funds loan up to the date of occurrence (in thousands of NTD): 500,000
(8) Reason for this new funds loan: Short-term funding needs.
3. Collateral provided by the company receiving funds loan:
(1) Content: None.
(2) Value (in thousands of NTD): 0
4. Most recent financial statements of the company receiving funds loan:
(1) Capital (in thousands of NTD): 3,699,512
(2) Accumulated earnings/losses (in thousands of NTD): 386,852
5. Interest calculation method: Interest is calculated at an annual rate of 2%, and shall not be lower than the highest short-term borrowing rate from financial institutions by our company.
6. Repayment:
(1) Conditions: Principal and interest to be paid in one lump sum at maturity, or early repayment is allowed.
(2) Date: 2027/05/14
7. Balance of funds loan up to the date of occurrence (in thousands of NTD): 1,500,000
8. Ratio of funds loan balance to the net worth of the public company's most recent financial statements up to the date of occurrence: 19.63
9. Source of the company's funds loaned to others: Financial institutions, parent company
10. Other matters to be specified:
(1) Capital (in thousands of NTD) from the most recent financial statements of the companies receiving funds loan:
China General Polymer Corporation: 725,087
Taiwan VCM Corporation: 2,974,425
(2) Accumulated earnings/losses (in thousands of NTD) from the most recent financial statements of the companies receiving funds loan:
China General Polymer Corporation: -81,882
Taiwan VCM Corporation: 468,734
(3) The original NT$500 million funds loan limit for China General Polymer Corporation will expire on 2026/05/15. The new limit added this time is for the extension of the expiring original limit.
(4) China General Polymer Corporation: Article 22, Paragraph 1, Subparagraph 2
Taiwan VCM Corporation: Article 22, Paragraph 1, Subparagraph 3
2. Recipient of funds loan:
(1) Company name: China General Polymer Corporation
(2) Relationship with the company lending funds to others: A 100% directly-held subsidiary of our company
(3) Limit of funds loan (in thousands of NTD): 3,055,809
(4) Original balance of funds loan (in thousands of NTD): 0
(5) Amount of new funds loan this time (in thousands of NTD): 1,000,000
(6) Whether this funds loan is authorized by the Board of Directors for the Chairman to make multiple disbursements or revolving use to the same counterparty: Yes
(7) Balance of funds loan up to the date of occurrence (in thousands of NTD): 1,000,000
(8) Reason for this new funds loan: Short-term funding needs.
(1) Company name: Taiwan VCM Corporation
(2) Relationship with the company lending funds to others: An 87.31% directly-held subsidiary of our company
(3) Limit of funds loan (in thousands of NTD): 3,055,809
(4) Original balance of funds loan (in thousands of NTD): 0
(5) Amount of new funds loan this time (in thousands of NTD): 500,000
(6) Whether this funds loan is authorized by the Board of Directors for the Chairman to make multiple disbursements or revolving use to the same counterparty: Yes
(7) Balance of funds loan up to the date of occurrence (in thousands of NTD): 500,000
(8) Reason for this new funds loan: Short-term funding needs.
3. Collateral provided by the company receiving funds loan:
(1) Content: None.
(2) Value (in thousands of NTD): 0
4. Most recent financial statements of the company receiving funds loan:
(1) Capital (in thousands of NTD): 3,699,512
(2) Accumulated earnings/losses (in thousands of NTD): 386,852
5. Interest calculation method: Interest is calculated at an annual rate of 2%, and shall not be lower than the highest short-term borrowing rate from financial institutions by our company.
6. Repayment:
(1) Conditions: Principal and interest to be paid in one lump sum at maturity, or early repayment is allowed.
(2) Date: 2027/05/14
7. Balance of funds loan up to the date of occurrence (in thousands of NTD): 1,500,000
8. Ratio of funds loan balance to the net worth of the public company's most recent financial statements up to the date of occurrence: 19.63
9. Source of the company's funds loaned to others: Financial institutions, parent company
10. Other matters to be specified:
(1) Capital (in thousands of NTD) from the most recent financial statements of the companies receiving funds loan:
China General Polymer Corporation: 725,087
Taiwan VCM Corporation: 2,974,425
(2) Accumulated earnings/losses (in thousands of NTD) from the most recent financial statements of the companies receiving funds loan:
China General Polymer Corporation: -81,882
Taiwan VCM Corporation: 468,734
(3) The original NT$500 million funds loan limit for China General Polymer Corporation will expire on 2026/05/15. The new limit added this time is for the extension of the expiring original limit.
(4) China General Polymer Corporation: Article 22, Paragraph 1, Subparagraph 2
Taiwan VCM Corporation: Article 22, Paragraph 1, Subparagraph 3