Foxlink (2328) Announces Financial Loan by Key Subsidiary
Foxlink's subsidiary, Honghua Sheng Precision Electronics (Yantai), has provided a loan of 322.1 million TWD to another subsidiary, Wuhu Ruichang Electric System, to support operational funding.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 06:31
- 🔍 Collected: May 20, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 20, 2026 at 06:40 (8 min after Collected)
Date: May 20, 2026
Announcement Date: May 19, 2026
Company Code: 2328
Company Name: Foxlink
Foxlink hereby announces that its key subsidiary, Honghua Sheng Precision Electronics (Yantai) Co., Ltd., has provided a loan of funds to others, exceeding 2% of the parent company's latest net asset value.
1. Occurrence Date: May 19, 2026
2. Counterparty:
(1) Company Name: Wuhu Ruichang Electric System Co., Ltd.
(2) Relationship: A subsidiary 100% owned by the parent company
(3) Loan Limit (in thousands of TWD): 7,864,348
(4) Previous Loan Balance (in thousands of TWD): 552,180
(5) New Loan Amount (in thousands of TWD): 322,105
(6) Board authorized split/revolving loan? No
(7) Current Balance (in thousands of TWD): 874,285
(8) Reason for New Loan: Operational funding requirements of the affiliate
3. Collateral:
(1) Content: None
(2) Value (in thousands of TWD): 0
4. Financial Data of the Loan Recipient:
(1) Capital (in thousands of TWD): 358,888
(2) Accumulated Profit/Loss (in thousands of TWD): -54,278
5. Interest Calculation: Based on the parent company's borrowing interest rate level
6. Repayment Terms:
(1) Conditions: Repayment at maturity
(2) Date: Six months
7. Total Balance (in thousands of TWD): 874,285
8. Ratio of Balance to Net Asset Value: 5.82%
9. Source of Funds: Subsidiary's own capital
10. Others: None
Announcement Date: May 19, 2026
Company Code: 2328
Company Name: Foxlink
Foxlink hereby announces that its key subsidiary, Honghua Sheng Precision Electronics (Yantai) Co., Ltd., has provided a loan of funds to others, exceeding 2% of the parent company's latest net asset value.
1. Occurrence Date: May 19, 2026
2. Counterparty:
(1) Company Name: Wuhu Ruichang Electric System Co., Ltd.
(2) Relationship: A subsidiary 100% owned by the parent company
(3) Loan Limit (in thousands of TWD): 7,864,348
(4) Previous Loan Balance (in thousands of TWD): 552,180
(5) New Loan Amount (in thousands of TWD): 322,105
(6) Board authorized split/revolving loan? No
(7) Current Balance (in thousands of TWD): 874,285
(8) Reason for New Loan: Operational funding requirements of the affiliate
3. Collateral:
(1) Content: None
(2) Value (in thousands of TWD): 0
4. Financial Data of the Loan Recipient:
(1) Capital (in thousands of TWD): 358,888
(2) Accumulated Profit/Loss (in thousands of TWD): -54,278
5. Interest Calculation: Based on the parent company's borrowing interest rate level
6. Repayment Terms:
(1) Conditions: Repayment at maturity
(2) Date: Six months
7. Total Balance (in thousands of TWD): 874,285
8. Ratio of Balance to Net Asset Value: 5.82%
9. Source of Funds: Subsidiary's own capital
10. Others: None
FAQ
What is the purpose of this loan?
To support the operational funding requirements of Wuhu Ruichang Electric System Co., Ltd.
What is the duration of the loan?
The loan term is set for six months.
How is the interest rate calculated?
It is based on the borrowing interest rate level of Foxlink's headquarters.