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Disclosure on behalf of Acer subsidiary, AAH

18 Feb 2019 09:24

RNS Number : 3465Q
Acer Incorporated
18 February 2019
 

Subject: Disclosure on behalf of Acer subsidiary, Acer American Holdings Corp.(AAH)

Date of events:2019/02/18

Contents:

1.Date of occurrence of the event:2019/02/18

2.Name of the company who receive the monetary loans, its relationship to the Company who extend the loans, ceiling amount on the monetary loans extended, amount of loans originally extended, amount of the current additional loans, whether or not the board of directors authorize the chairperson to give loans for the borrowing counterparty; total extended amount of loans and the reason for loans as of the date of occurrence of the event:

Acer America Corporation(AAC) ;100% owned by Acer Inc; NTD5,772,261K; 0; NTD4,512,900K; NO; NTD4,512,900K TO SUPPORT AAC BUSINESS OPERATION

3.Content and value of collaterals provided by the loan recipient, if any: NIL

4.Capital and Accumulated profit/loss of the loan recipient according to its latest financial report: NTD1,262,342K; NTD(3,900,515K)

5.Method of calculation of interest:2.57%

6.Terms/conditions and date for repayment:12 MONTHS,2020/2/17

7.The Company's total amount of monetary loans extended as of the date of occurrence of the event:NTD8,968,705K

8.The ratio of the total amount of monetary loans extended to the Company's net worth on its most recent financial statements as of the date of occurrence of the event:15.54%

9.Sources of funds to extend monetary loans to others:INTERNAL FUNDS

10.Any other matters that need to be specified:NO

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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