Reported about 1 year ago
Yuanta Bank has completed the signing of a USD 260 million sustainable syndicated loan for Tai-Jin-Pao Technology and its subsidiary Tai-Jin-Pao Electric on June 24, 2024, with a signing ceremony presided over by Yuanta Bank's Chairman Huang Nanzhou, CEO Lin Longzheng, and executives from Tai-Jin-Pao and Jin-Bao Group. The loan will be used for repaying financial institution borrowings and enhancing mid-term operational cash turnover. The syndicated loan, initially targeted at USD 200 million, was oversubscribed 1.8 times, indicating confidence in their operations and future development. Tai-Jin-Pao Technology, established in 1989 and listed on stock exchanges in Thailand and Taiwan, operates 16 factories and is a key player in the EMS industry in Southeast Asia, with growth prospects amid global supply chain shifts. Both Tai-Jin-Pao and Yuanta Bank are committed to sustainable growth and have clear ESG strategies to align with international trends, demonstrating their dedication to environmental and social responsibility.
Source: YAHOO