Lotus Pharmaceutical Announces $20 Million Loan to Singapore Subsidiary Lotus International
Lotus Pharmaceutical (1795) has announced a loan of $20 million USD (approximately 633 million TWD) to its wholly-owned Singapore subsidiary, Lotus International Pte. Ltd., to support working capital for daily operations. The loan carries a fixed annual interest rate of 4.6% with a one-year term.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 06:31
- 🔍 Collected: May 22, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 22, 2026 at 06:37 (5 min after Collected)
## Overview of the Loan
On May 21, 2026, Lotus Pharmaceutical (1795) announced, based on a board resolution, that it will provide a loan to its Singapore subsidiary, Lotus International Pte. Ltd.
### Loan Details
- **Borrower**: Lotus International Pte. Ltd. (a wholly-owned subsidiary of Lotus)
- **Loan Amount**: 633 million TWD (20 million USD)
- **Purpose of Loan**: Working capital for the subsidiary's daily operations
- **Interest Method**: Fixed annual interest rate of 4.6%
- **Repayment Terms**: One year from the date of the first draw-down
- **Collateral**: None
### Impact on Financial Position
With this additional loan, the outstanding loan balance to the subsidiary will be 633 million TWD. As of the date of the event, the group's total outstanding loan balance is 76.888 billion TWD, which represents 319.94% of the net assets in the most recent financial report of the public issuing company.
The loan amount was calculated based on the Taiwan Bank exchange rate of May 19, 2026 (1 USD = 31.65 TWD).
On May 21, 2026, Lotus Pharmaceutical (1795) announced, based on a board resolution, that it will provide a loan to its Singapore subsidiary, Lotus International Pte. Ltd.
### Loan Details
- **Borrower**: Lotus International Pte. Ltd. (a wholly-owned subsidiary of Lotus)
- **Loan Amount**: 633 million TWD (20 million USD)
- **Purpose of Loan**: Working capital for the subsidiary's daily operations
- **Interest Method**: Fixed annual interest rate of 4.6%
- **Repayment Terms**: One year from the date of the first draw-down
- **Collateral**: None
### Impact on Financial Position
With this additional loan, the outstanding loan balance to the subsidiary will be 633 million TWD. As of the date of the event, the group's total outstanding loan balance is 76.888 billion TWD, which represents 319.94% of the net assets in the most recent financial report of the public issuing company.
The loan amount was calculated based on the Taiwan Bank exchange rate of May 19, 2026 (1 USD = 31.65 TWD).
FAQ
What is the purpose of the loan from Lotus to its Singapore subsidiary?
The purpose is to provide working capital for the subsidiary's daily business operations.
What are the interest rate terms?
It is a fixed annual interest rate of 4.6% for a one-year term.
How does this affect the total group loan balance?
As of the announcement date, the group's total outstanding loan balance reached 76.888 billion TWD.