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- Announcement on behalf of the subsidiary to cancel the endorsement and guarantee for the Company.
2024-04-29
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Announcement on behalf of the subsidiary to cancel the endorsement and guarantee for the Company.
Subject： Announcement on behalf of the subsidiary to cancel the endorsement and guarantee for the Company.
To which item it meets：paragraph 51
Date of events： 2024/4/29
Statement:
1.Date of occurrence of the event:2024/04/29
2.Company name:Sinyi Real Estate (Hong Kong) Limited
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:indirectly hold 100%
5.Cause of occurrence:On October 27, 2023, the Company's board of directors approved that Sinyi Real Estate (Hong Kong) provides a ceiling of endorsement at the amount US$42,000 thousand (equivalent to approximately NT$1,365,840 thousand) with the cash or bank savings which was from the subsidiay of Mainland China due to the reduction capital. The endorsement was for the Company to apply for a lower interest rate from financial institutions. Since the cash or bank savings had been reduced and the fund has been remitted to its parent company, Sinyi International Limited, for aggregate plan, Sinyi Real Estate (Hong Kong) Limited proposed to cancel the endorsement.
6.Countermeasures:Transaction conditions and other relevant information will be announced and be written off from a register.
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): none.
To which item it meets：paragraph 51
Date of events： 2024/4/29
Statement:
1.Date of occurrence of the event:2024/04/29
2.Company name:Sinyi Real Estate (Hong Kong) Limited
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:indirectly hold 100%
5.Cause of occurrence:On October 27, 2023, the Company's board of directors approved that Sinyi Real Estate (Hong Kong) provides a ceiling of endorsement at the amount US$42,000 thousand (equivalent to approximately NT$1,365,840 thousand) with the cash or bank savings which was from the subsidiay of Mainland China due to the reduction capital. The endorsement was for the Company to apply for a lower interest rate from financial institutions. Since the cash or bank savings had been reduced and the fund has been remitted to its parent company, Sinyi International Limited, for aggregate plan, Sinyi Real Estate (Hong Kong) Limited proposed to cancel the endorsement.
6.Countermeasures:Transaction conditions and other relevant information will be announced and be written off from a register.
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): none.