Heyi (1709) Announcement on Subsidiary Yilien Sugar's Discontinuation of Sugar Business
Heyi announced that its subsidiary, Yilien Sugar, will cease sugar business operations due to losses and lack of economies of scale, resulting in a 289.5 million TWD impairment charge.
📋 Article Processing Timeline
- 📰 Published: May 16, 2026 at 12:57
- 🔍 Collected: May 16, 2026 at 12:57 (0 min after Published)
- 🤖 AI Analyzed: May 16, 2026 at 13:51 (54 min after Collected)
Announcement of the discontinuation of sugar business operations by significant subsidiary Yilien Sugar. 1. Fact occurrence date: May 15, 2026. 2. Reason: Yilien Sugar evaluated that its sugar production and sales could not reach economies of scale, leading to continuous losses. 3. Comparison of production capacity/volume: Not applicable. 4. Percentage of revenue: Not applicable. 5. Decision-making process: Approved by the board of directors of Yilien Sugar on May 15, 2026. 6. Other notes: Relevant sugar production equipment has been evaluated for impairment, and Yilien Sugar will recognize an impairment loss of 289,515,000 NTD in the second quarter of 2026.