Gowin New Energy receives loans from company chief

(Alliance News) - Gowin New Energy Group Ltd on Friday said the company entered into a loan ...

Alliance News 24 May, 2024 | 1:32PM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Gowin New Energy Group Ltd on Friday said the company entered into a loan agreement with its Chief Executive Officer Chen Chih-Lung.

The New Taipei, Taiwan-based producer and supplier of LED lighting fixtures said Chen provided TWD500,000, approximately GBP12,192, to the company at an interest rate of 2.0% per year.

The loan, which will provide short term liquidity to allow Gowin to meet payment obligations, is repayable in twelve months although extendable by mutual consent.

Gowin shares were flat at 0.01 pence each on the Aquis exchange on Friday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Gowin New Energy Group Ltd 0.01 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures