TPE:3027

2 stories mentioning TPE:3027Updated 3d ago

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Billion Electric Posts Other Receivables of NT$204 Million in May

Billion Electric (TPE:3027) reported other receivables of NT$203.6 million in May, equivalent to 6.28% of total assets and 15.66% of share capital, according to a Tuesday Taiwan Exchange filing.Shares gained about 2% in Wednesday's midday trade.Of this, NT$167.1 million was classified as overdue, while recoveries during the month stood at NT$3.32 million, the filing said.The company has initiated arbitration proceedings through the South China International Economic and Trade Arbitration Commission (SCIA) to recover $4.46 million in receivables from China Potevio, and Potevio International.The case is currently in progress, with the ruling deadline extended to June 30, the filing said.

TPE:3027

Asia31d ago

Billion Electric Reports Ovedue Other Receivables of NT$169 Million in April

Billion Electric (TPE:3027) posted overdue other receivables of NT$168.7 million as of April 30, accounting for most of its NT$208.3 million total other receivables balance.The company said the receivables represented 6.52% of total assets and 16.05% of share capital, according to its unaudited consolidated financial data released on Wednesday.Billion Electric said it has filed for arbitration with the South China International Economic and Trade Arbitration Commission to seek recovery of about $4.46 million from China Potevio, and Potevio International. It added that the arbitration judgment period has been extended to June 30, while current operations and liquidity remain unaffected.

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