{"id":6739,"date":"2023-03-28T16:42:00","date_gmt":"2023-03-28T08:42:00","guid":{"rendered":"https:\/\/www.gmitec.com\/?p=6739"},"modified":"2023-07-26T13:39:32","modified_gmt":"2023-07-26T05:39:32","slug":"a-syndicated-loan-proposal-is-approved-byresolution-of-the-board-of-directors-of-the-company","status":"publish","type":"post","link":"https:\/\/www.gmitec.com\/en\/major-information\/6739\/","title":{"rendered":"A syndicated loan proposal is approved byresolution of the Board of Directors of the Company"},"content":{"rendered":"\n
1.Date of occurrence of the event:2023\/03\/28\n2.Company name:G.M.I. TECHNOLOGY INC.\n3.Relationship to the Company (please enter \u201dhead office\u201d or\n  \u201dsubsidiaries\u201d):The Company.\n4.Reciprocal shareholding ratios: N\/A.\n5.Cause of occurrence:To repay the existing loans to financial institutions\nand increase the interim working capital, the Company plans to commission\nE.Sun Commercial Bank to be the arranger and manager of a syndicated loan\nwith the total credit limit amounting to US$40 million.\nThe arranger may reduce the credit limit by no greater than 20%.\nThe credit period is three years from the date of first drawdown.\n6.Countermeasures:N\/A.\n7.Any other matters that need to be specified (the information disclosure\n  also meets the requirements of Article 7, subparagraph 9 of the Securities\n  and Exchange Act Enforcement Rules, which brings forth a significant impact\n  on shareholders rights or the price of the securities on public companies.):\nThe Board of Directors has delegated the Chairman to handle the loan business\nand other relevant matters on behalf of the Company.<\/pre>\n","protected":false},"excerpt":{"rendered":"

1.Date of occurrence of the event:2023\/03\/28 2.Company name:G.M.I. TECHNOLOGY INC. 3.Relationship to the Company (please enter \u201dhead office\u201d or \u201dsubsidiaries\u201d):The Company. 4.Reciprocal shareholding ratios: N\/A. 5.Cause of occurrence:To repay the existing loans to financial institutions and increase the interim working capital, the Company plans to commission E.Sun Commercial Bank to be the arranger and manager […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-6739","post","type-post","status-publish","format-standard","hentry","category-major-information","post-wrapper"],"acf":[],"yoast_head":"\nA syndicated loan proposal is approved byresolution of the Board of Directors of the Company | GMI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gmitec.com\/en\/major-information\/6739\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A syndicated loan proposal is approved byresolution of the Board of Directors of the Company | GMI\" \/>\n<meta property=\"og:description\" content=\"1.Date of occurrence of the event:2023\/03\/28 2.Company name:G.M.I. 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