Asia
FIT Holding Unit Faces Payment Order on NT$119 Million Short-Term Loan
FIT Holding's (TPE:3712) subsidiary, Shinfox Energy, received a payment order from Bank SinoPac over an unpaid short-term loan of NT$119 million, according to a Tuesday filing with the Taiwan Exchange.Shinfox failed to repay the loan on its maturity date due to its overall cash management arrangements.The subsidiary will file an objection within the statutory 20-day period and negotiate with the bank on an extension of the loan term and a repayment plan.
TPE:3712
