Announcement for its subsidiaries Kai Yang and
Yao Kuang regarding guarantees rectification plan
Date of events
2022/06/30
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/06/30
2.Company name:Kai Yang Intelligent Energy Co., Ltd. and Yao Kuang
Intelligent Energy Co., Ltd.( Kai Yang and Yao Kuang Co.)
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
(1)In compliance with Permit No.1110347285 as issued by the Financial
Supervisory Commission on 2022/06/21.
(2)Before the Group acquired the shares, Kai Yang and Yao Kuang Co. were
joint guarantors for each other with Far Eastern International Bank.
The Company's subsidiary Chung Ho Energy Integration Co., Ltd.
acquired 80% shares of Kai Yang and Yao Kuang Co. and became
the indirect subsidiaries of the Group on 2022/05/18. Due to the
changes of condition,the aforementioned guarantees were made no longer
meet the requirements of the Regulations Governing Loaning of Funds and
Making of Endorsements/Guarantees by Public Companies.
6.Countermeasures:
1.Far Eastern International Bank agree to change the guarantor to
ChaileaseFinance Co., Ltd.which are the parent Company of Kai Yang
and Yao Kuang Co.
2.The Board of Directors for Kai Yang and Yao Kuang Co.resolved the
Operational Procedures for Endorsements/Guarantees(the Procedures)
on 2022/06/15.The Procedures will be submitted to their's shareholder's
meeting on 2022/07/05.
7.Any other matters that need to be specified:None.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Chailease Holding Company Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 09:31:04 UTC.
Chailease Holding Company Limited is a Taiwan-based company principally engaged in traditional leasing, installment payment and receivables transfer businesses. The Company is also involved in heavy-vehicle financing, minibus financing, construction equipment financing, fishing and cargo financing, micro-enterprise financing, non-performing loan purchase, real estate financing, office equipment leasing, medical equipment financing, car leasing, energy-saving project financing, solar power plant financing and investment, inventory financing, aircraft and ship financing, insurance brokerage and oil related businesses. The Company operates its businesses in domestic market and overseas markets, such as Thailand.