Far EasTone Announces Subsidiary NCIC's New Loan of Over NT$10M and 2% of Net Worth to FET
Far EasTone's 100% subsidiary, New Century InfoComm Tech (NCIC), will provide a new loan of NT$11.9 billion to FET to enhance fund efficiency and support working capital.
📋 Article Processing Timeline
- 📰 Published: April 27, 2026 at 09:00
- 🔍 Collected: April 28, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 28, 2026 at 08:03 (2 min after Collected)
1. Date of occurrence: 2026/04/27
2. Recipient of the loan:
(1) Name: Far EasTone Telecommunications Co., Ltd. (FET)
(2) Relationship: FET directly holds 100% of NCIC.
(3) Loan limit (K TWD): 12,522,010
(4) Original balance (K TWD): 0
(5) New loan amount (K TWD): 11,900,000
(6) Authorized by board for cyclic use: Yes
(7) Current balance as of date (K TWD): 11,900,000
(8) Reason for new loan: To effectively improve fund utilization efficiency between parent and subsidiary and support FET's operating turnover.
3. Collateral provided by recipient:
(1) Content: None, as FET's credit risk is low.
(2) Value: 0
4. Financials of recipient:
(1) Capital (K TWD): 36,070,254
(2) Retained earnings (K TWD): 13,775,214
5. Interest method: Base rate plus 0.1% risk premium, floating monthly, repaid at maturity. Base rate refers to NCIC's average monthly borrowing rate or TAIBOR.
6. Repayment terms: One-year term (from board approval), to be repaid before maturity.
7. Current total balance (K TWD): 12,000,000
8. Balance as percentage of net worth: 13.02%
9. Source of funds: Subsidiary's own funds.
10. Others: None.
2. Recipient of the loan:
(1) Name: Far EasTone Telecommunications Co., Ltd. (FET)
(2) Relationship: FET directly holds 100% of NCIC.
(3) Loan limit (K TWD): 12,522,010
(4) Original balance (K TWD): 0
(5) New loan amount (K TWD): 11,900,000
(6) Authorized by board for cyclic use: Yes
(7) Current balance as of date (K TWD): 11,900,000
(8) Reason for new loan: To effectively improve fund utilization efficiency between parent and subsidiary and support FET's operating turnover.
3. Collateral provided by recipient:
(1) Content: None, as FET's credit risk is low.
(2) Value: 0
4. Financials of recipient:
(1) Capital (K TWD): 36,070,254
(2) Retained earnings (K TWD): 13,775,214
5. Interest method: Base rate plus 0.1% risk premium, floating monthly, repaid at maturity. Base rate refers to NCIC's average monthly borrowing rate or TAIBOR.
6. Repayment terms: One-year term (from board approval), to be repaid before maturity.
7. Current total balance (K TWD): 12,000,000
8. Balance as percentage of net worth: 13.02%
9. Source of funds: Subsidiary's own funds.
10. Others: None.