【Jih Sun Taiwan Jun】Company Announces Additional Endorsement Guarantee Exceeding NT$30 Million and 5% of Net Worth
AI Summary (NQ-processed)
Jih Sun Taiwan Jun has announced an additional endorsement guarantee of over NT$30 million (approximately NT$599.119 million) for its subsidiary, Jih Sun International Leasing Co., Ltd., exceeding 5% of its latest financial statement net worth, requiring public disclosure under regulations.
AI Analysis
Frequently Asked Questions
Q: Who is the endorsement guarantee for?
A: It is for Jih Sun International Leasing Co., Ltd., a subsidiary of the company.
Q: Why provide a guarantee without collateral?
A: To support the subsidiary’s operations based on group trust and strategic financial integration.
Q: Is a 222% guarantee ratio risky?
A: It is high, but risk is managed as part of non-revolving facilities with declining balances.
Q: Why are guarantees in CNY?
A: To facilitate funding and transactions in mainland China’s market.
Q: Will there be more guarantees in the future?
A: Not currently planned, but possible based on subsidiary’s operational needs.