2540 Love Mountain: Board Resolution on Syndicated Loan Agreement
Love Mountain (2540) announced a syndicated loan agreement totaling NT$16.8 billion with banks including Taipei Fubon, Mega Bank, and Chang Hwa Bank to fund development projects.
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- 📰 Published: May 22, 2026 at 06:31
- 🔍 Collected: May 22, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 21:29 (230h 57m after Collected)
Love Mountain (2540) announced that its board of directors has approved a syndicated loan agreement with a banking group including Taipei Fubon Commercial Bank, Mega International Commercial Bank, and Chang Hwa Commercial Bank. The total credit facility is NT$16.8 billion (NT$8.4 billion for the company and NT$8.4 billion for Yi-Chuan Development). The loan term is five years from the date of the first drawdown. The funds will be used to repay existing debt from the 2023 syndicated loan, fund the Hsinchu Treasure Phase II development project, and cover basic construction costs to strengthen working capital.
FAQ
What is the purpose of the syndicated loan for Love Mountain (2540)?
To fund the Hsinchu Treasure Phase II development and repay existing debt.