The company's new loaning of fund amounted to
NT$10 million and the net value was 2%
Date of events
2022/08/05
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/08/05
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
(1)Name:GIANT VIETNAM MANUFACTURING COMPANY LIMITED
(2)Relationship with lender:100% wholly owned subsidiary of the Company
(3)Lending limit (thousand NTD):2,790,459
(4)Starting outstanding balance (thousand NTD):0
(5)New loan (thousand NTD):598,760
(6)Is it part of a scheduled allocation or revolving limit for the same
recipient that the chairman is authorized by the board of directors
to allocate: Yes
(7)Outstanding balance (thousand NTD) up to the date of occurrence:598,760
(8)Reason for new loan (thousand NTD): Working capital
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):None,0
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1)Capital (thousand NTD): 221,203
(2)Cumulative gains/losses (thousand NTD):-592
5.Method of calculation of interest:
According to the company's bank loan interest rate
6.For repayment, the condition and the date:Repayment when contract expires
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):1,969,604
8.The total amount of monetary loans extended to others as a percentage of
the public company's net worth on the latest financial statements as of the
date of occurrence:7.06%
9.Sources of funds for the company to extend monetary loans to others:
Self funding
10.Any other matters that need to be specified:None
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Giant Manufacturing Co. Ltd. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 08:30:02 UTC.
Giant Manufacturing Co Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of bicycles and related accessories. The Company's bicycle products consist of race bicycles, road bicycles, urban bicycles, mountain bicycles, folding bicycles, touring bicycles, sports bicycles, bicycles for women and children, as well as electric bicycles and others. The Company distributes its products mainly in the Americas, Europe, Asia, Taiwan and other markets.