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Gowin New Energy receives loans from company chief

May 24, 2024 at 09:35 am EDT

(Alliance News) - Gowin New Energy Group Ltd on Friday said the company entered into a loan agreement with its Chief Executive Officer Chen Chih-Lung.

The New Taipei, Taiwan-based producer and supplier of LED lighting fixtures said Chen provided TWD500,000, approximately GBP12,192, to the company at an interest rate of 2.0% per year.

The loan, which will provide short term liquidity to allow Gowin to meet payment obligations, is repayable in twelve months although extendable by mutual consent.

Gowin shares were flat at 0.01 pence each on the Aquis exchange on Friday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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