Tatung : Acting on behalf of subsidiary Taipei Industry Corporation, making the announcement of the improvement plan and implementation of loan funds to GET
Acting on behalf of subsidiary Taipei Industry
Corporation, making the announcement of the improvement
plan and implementation of loan funds to GET
Date of events
2022/03/15
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/03/15
2.Company name:Taipei Industry Corporation
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:Direct and indirect shareholding 50.61%
5.Cause of occurrence:
Pursuant to Jing-Kuan-Cheng-Shen-Tzu-Di No.1080315886,by the Financial
Supervisory Commission, the Company hereby announces the improvement plan
of loan to others.
6.Countermeasures:
Taipei Industry Co., received the payment order on July 16, 2019,
and the court a confirmation of the payment order on September 9, 2019.
After the court issue a ruling upon the application, the mortgaged property
was executed according to the law on October 19, 2019.
Taipei Industry Co., participated in the first creditors' meeting is held
by the Taipei District Court on July 21, 2020.
Confirm the creditor's rights and select the bankruptcy inspector.
The follow-up will be handled in accordance with Article 92 and Article 138
of the Bankruptcy Law.
Taipei Industrial Co., Ltd has the exemption right
(a priority in bankrupt procedures and its exercise is free from
restrictions from the liquidation procedures.) on the liquidation of 44
pieces of collateral.
Currently, the bankruptcy trustee commissioned Taiwan Financial Asset
Service Corporation to conduct a liquidation auction on March 10, 2021.
The amount of NT$10,208 thousand was received by selling 36 pieces of
collateral.
The other 8 pieces of collateral were auctioned off on December 22, 2021,
with a transaction value of NT$957 thousand.
A total of 44 pieces of collateral items have been fully processed,
and the total auction bid amount is NT$11,165 thousand.
Taipei Industrial Co., Ltd will continue to participate in bankruptcy
proceedings.
7.Any other matters that need to be specified:N/A
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Tatung Company published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 12:11:10 UTC.
Tatung Co is a Taiwan-based company mainly engaged in the manufacture and sale of electronic and electrical products. The Company operates through four segments. The Optical segment is engaged in the development, manufacture and sale of thin-film transistor (TFT) large-size panels, small and medium-sized panels such as smartphones, tablet computers, car panels and touch panels. The Mechanical and Electrical Energy segment is engaged in the development, manufacture and sale of smart grids, smart meters, solar photovoltaics, light-emitting diode lighting, motors, electromechanical and energy management systems. The Consumer Products segment is engaged in the development, manufacture and sale of digital TVs, flat panel displays, digital media equipment, digital audio-visual, and home appliance products. The Other segment is engaged in other businesses.
Tatung : Acting on behalf of subsidiary Taipei Industry Corporation, making the announcement of the improvement plan and implementation of loan funds to GET
TATUNG CO., LTD. 
