4943 KY-Concord: Announcement Regarding Intercompany Loans
KY-Concord (4943) has decided to provide loans totaling 197,418 thousand yuan to two of its subsidiaries as operating funds, with a repayment deadline of May 19, 2028.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 06:53 (22 min after Collected)
Announcement Date: May 20, 2026
Company Code: 4943
Company Name: KY-Concord
Subject: Announcement regarding intercompany loans to subsidiary Kunshan Haojun Precision Electronics
1. Date of occurrence: May 20, 2026
2. Loan recipients:
(1) Kunshan Haojun Precision Electronics Co., Ltd.
(2) Relationship: Affiliated company
(3) Loan limit (in thousands): 322,252
(4) Existing balance (in thousands): 128,048
(5) New loan amount (in thousands): 127,940
(6) Board authorization for recurring loans: No
(7) Current loan balance (in thousands): 255,988
(8) Reason: Operating funds
(1) Kongerfu Precision Electromechanical (Kunshan) Co., Ltd.
(2) Relationship: Affiliated company
(3) Loan limit (in thousands): 322,252
(4) Existing balance (in thousands): 27,600
(5) New loan amount (in thousands): 69,478
(6) Board authorization for recurring loans: No
(7) Current loan balance (in thousands): 97,078
(8) Reason: Operating funds
3. Collateral: None
4. Financials of recipients:
(1) Capital (in thousands): 121,399
(2) Accumulated earnings/loss (in thousands): -618,782
5. Interest: Calculated according to company procedures
6. Repayment terms: Due by May 19, 2028
7. Total loan balance (in thousands): 466,961
8. Ratio to net worth: 266.65%
9. Source of funds: Subsidiary's own funds
Company Code: 4943
Company Name: KY-Concord
Subject: Announcement regarding intercompany loans to subsidiary Kunshan Haojun Precision Electronics
1. Date of occurrence: May 20, 2026
2. Loan recipients:
(1) Kunshan Haojun Precision Electronics Co., Ltd.
(2) Relationship: Affiliated company
(3) Loan limit (in thousands): 322,252
(4) Existing balance (in thousands): 128,048
(5) New loan amount (in thousands): 127,940
(6) Board authorization for recurring loans: No
(7) Current loan balance (in thousands): 255,988
(8) Reason: Operating funds
(1) Kongerfu Precision Electromechanical (Kunshan) Co., Ltd.
(2) Relationship: Affiliated company
(3) Loan limit (in thousands): 322,252
(4) Existing balance (in thousands): 27,600
(5) New loan amount (in thousands): 69,478
(6) Board authorization for recurring loans: No
(7) Current loan balance (in thousands): 97,078
(8) Reason: Operating funds
3. Collateral: None
4. Financials of recipients:
(1) Capital (in thousands): 121,399
(2) Accumulated earnings/loss (in thousands): -618,782
5. Interest: Calculated according to company procedures
6. Repayment terms: Due by May 19, 2028
7. Total loan balance (in thousands): 466,961
8. Ratio to net worth: 266.65%
9. Source of funds: Subsidiary's own funds
FAQ
What is the impact of this loan?
It secures operating funds for the subsidiaries and supports operational continuity.
Why is the company lending to its subsidiaries?
It is stated as being necessary for the subsidiaries' operations.
What is the outlook?
Operations are planned to continue with a repayment date set for May 2028.