[Far Eastern Dept.] Far Eastern Department Stores Co., Ltd. announces increase in guarantee limit for Pacific China Holdings Limited on behalf of Pacific Sogo Department Stores Co., Ltd.
Key facts
- [Far Eastern Dept.] Far Eastern Department Stores Co., Ltd. announces increase in guarantee limit for Pacific China Holdings Limited on behalf of Pacific Sogo Department Stores Co., Ltd.
- Far Eastern Department Stores announced that its subsidiary, Pacific Sogo Department Stores, will increase the guarantee limit for Pacific China Holdings Limited by NT$1.94401 billion. This is to facilitate the utilization of a bank loan facility.
- Source: PR Times
- Date: June 9, 2026
Direct answer
Far Eastern Department Stores announced that its subsidiary, Pacific Sogo Department Stores, will increase the guarantee limit for Pacific China Holdings Limited by NT$1.94401 billion. This is to facilitate the utilization of a bank loan facility.
- Citation
- [Far Eastern Dept.] Far Eastern Department Stores Co., Ltd. announces increase in guarantee limit for Pacific China Holdings Limited on behalf of Pacific Sogo Department Stores Co., Ltd. (June 9, 2026), PR Times
- Source
- PR Times
- Date
- June 9, 2026
Far Eastern Department Stores announced that its subsidiary, Pacific Sogo Department Stores, will increase the guarantee limit for Pacific China Holdings Limited by NT$1.94401 billion. This is to facilitate the utilization of a bank loan facility.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 09:00
- 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
1. Date of occurrence: June 9, 2026 (115/06/09)
2. Company for which endorsement/guarantee is provided:
(1) Company Name: Pacific China Holdings Limited
(2) Relationship with the endorsing/guaranteeing company: A company in which the company directly or indirectly holds more than 50% of the common shares through its subsidiaries.
(3) Guarantee Limit (in thousands of NT$): 19,310,700
(4) Outstanding Balance of Original Guarantee (in thousands of NT$): 10,284,440
(5) Amount of New Guarantee Added This Time (in thousands of NT$): 1,944,010
(6) Outstanding Balance of Guarantee as of the Date of Occurrence (in thousands of NT$): 12,228,450
(7) Actual Amount Utilized by the Guaranteed Company (in thousands of NT$): 4,884,244
(8) Reason for the New Guarantee Added This Time: To utilize the loan facility applied for with the bank.
3. Collateral provided by the guaranteed company:
(1) Content: None
(2) Value (in thousands of NT$): 0
4. Latest Financial Statements of the Guaranteed Company:
(1) Capital (in thousands of NT$): 7,540,102
(2) Accumulated Profit or Loss (in thousands of NT$): -9,736,720
5. Conditions for Release of Endorsement/Guarantee Liability:
(1) Conditions: The endorsement/guarantee liability will be automatically released upon contract expiration.
(2) Date: April 30, 2025 (R.O.C. Year 116)
6. Total Guarantee Limit (in thousands of NT$): 46,951,969
7. Outstanding Balance of Guarantee as of the Date of Occurrence (in thousands of NT$): 27,675,029
8. Ratio of Outstanding Guarantee Balance to Net Worth of the Publicly Issued Company's Latest Financial Statements as of the Date of Occurrence: 88.41%
9. Ratio of the Sum of Outstanding Guarantees, Long-Term Investments, and Fund Loans to the Net Worth of the Publicly Issued Company's Latest Financial Statements as of the Date of Occurrence: 36.28%
10. Other Matters to be Notified: None
2. Company for which endorsement/guarantee is provided:
(1) Company Name: Pacific China Holdings Limited
(2) Relationship with the endorsing/guaranteeing company: A company in which the company directly or indirectly holds more than 50% of the common shares through its subsidiaries.
(3) Guarantee Limit (in thousands of NT$): 19,310,700
(4) Outstanding Balance of Original Guarantee (in thousands of NT$): 10,284,440
(5) Amount of New Guarantee Added This Time (in thousands of NT$): 1,944,010
(6) Outstanding Balance of Guarantee as of the Date of Occurrence (in thousands of NT$): 12,228,450
(7) Actual Amount Utilized by the Guaranteed Company (in thousands of NT$): 4,884,244
(8) Reason for the New Guarantee Added This Time: To utilize the loan facility applied for with the bank.
3. Collateral provided by the guaranteed company:
(1) Content: None
(2) Value (in thousands of NT$): 0
4. Latest Financial Statements of the Guaranteed Company:
(1) Capital (in thousands of NT$): 7,540,102
(2) Accumulated Profit or Loss (in thousands of NT$): -9,736,720
5. Conditions for Release of Endorsement/Guarantee Liability:
(1) Conditions: The endorsement/guarantee liability will be automatically released upon contract expiration.
(2) Date: April 30, 2025 (R.O.C. Year 116)
6. Total Guarantee Limit (in thousands of NT$): 46,951,969
7. Outstanding Balance of Guarantee as of the Date of Occurrence (in thousands of NT$): 27,675,029
8. Ratio of Outstanding Guarantee Balance to Net Worth of the Publicly Issued Company's Latest Financial Statements as of the Date of Occurrence: 88.41%
9. Ratio of the Sum of Outstanding Guarantees, Long-Term Investments, and Fund Loans to the Net Worth of the Publicly Issued Company's Latest Financial Statements as of the Date of Occurrence: 36.28%
10. Other Matters to be Notified: None
FAQ
What is the main reason for Far Eastern Department Stores increasing the guarantee limit?
To support its subsidiary, Pacific Sogo Department Stores, in facilitating Pacific China Holdings Limited's use of a bank loan facility.
How much was the guarantee limit increased?
The limit was increased by NT$1.94401 billion (approximately US$60 million).
Until when is this guarantee valid?
The guarantee liability will be automatically released upon contract expiration on April 30, 2025.
What is the financial situation of Pacific China Holdings Limited?
Its latest capital was NT$7.54 billion, but it has accumulated losses of NT$9.73 billion, indicating a deficit.
How does this announcement affect Far Eastern Department Stores' performance?
While the direct impact on performance is not specified, supporting the subsidiary's financing is expected to contribute to the group's overall stable business operations.