(Company name correction)Announcement of cancellation of the Company's loaning to its subsidiary | Sinyi Realty Inc. | Investor Relations

Sinyi Realty
News & Events

News & Events

2021-08-02

Back to list

(Company name correction)Announcement of cancellation of the Company's loaning to its subsidiary

Subject: (Company name correction)Announcement of cancellation of the Company's loaning to its subsidiary
To which item it meets: paragraph 51
Date of events:2021/08/02

Statement:
  1. Date of occurrence of the event:2021/08/02
  2. Company name: Sinyi Realty Inc.
  3. Relationship to the Company (please enter ”head office” or ”subsidiaries”): head office
  4. Reciprocal shareholding ratios: Not applicable
  5. Cause of occurrence:
    (1)On July 7th, 2021, the board of directors of the Company approved loaning no more than NT$600,000 thousand dollars to Sinyi Development Inc. for its financial needs to participate in a real estate auction.
    (2)Since Sinyi Development Inc. didn't win the auction today, the above-mentioned loan quota has been canceled.
  6. Countermeasures: None.
  7. Any other matters that need to be specified: None.