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Signing Ceremony of CMMT’s NT$4.6bn Syndicated Loan

A signing ceremony was held on December 28th (Tue) at the headquarters of Cheng Mei Materials Technology Corporation (CMMT) for a NT$4.6 billion syndicated loan offered to the company. The signing ceremony was held today (28) for the syndicated loan jointly issued by the Taiwan Cooperative Bank, Chang Hwa Commercial Bank, Mega International Commercial Bank, and Land Bank of Taiwan. The main purpose of the syndicated loan is not only to repay the existing liabilities to institutional lenders, but also as working capital to fund company operations and materials, which is expected to assist in the relief of debt negotiation proceedings and mechanisms.

CMMT strives to be a leading provider of total optical material solutions. In response to business growth, the company is now actively pursuing the development and promotion of in-vehicle products and mobile wearable products. It is committed to creating continued prosperity and success in the future. The lending banks enthusiastically supported this syndicated loan and were successfully formalized during the signing ceremony.