Reported 8 months ago
Organized by Hua Nan Bank, Taiwan Bank, First Bank, and Cooperative Bank, the joint credit agreement for National Giant Co., Ltd. amounting to 38.5 billion New Taiwan Dollars was signed on June 21. The purpose of this credit is to repay existing loans and enhance mid-term operational working capital. Hua Nan Bank will manage the credit line, with other financial institutions like Mega Bank, Agricultural Bank, Land Bank, Chang Hwa Bank, and Shin Kong Bank participating. The oversubscribed syndication initially set at 30 billion NT Dollars surpassed expectations and closed at 38.5 billion NT Dollars, reflecting strong support and recognition from the financial industry towards National Giant's performance and future prospects. National Giant is the only global supplier holding a leading position in the top three passive component products - resistors, capacitors, and inductors, providing electronic components and comprehensive services. Over the years, through innovation and acquisitions, it has expanded into niche markets and global sales channels to maximize operational efficiencies. With the increasing demand for passive components in various areas like AI, 5G/IoT, electric vehicles, and others, the recent factory establishment at the South Science Park in Qiaotou reflects National Giant's continuous investment in Taiwan. This joint credit agreement will further support the company's operational growth, global expansion, and enhance international competitiveness.
Source: YAHOO