Administrative Fine Imposed on the Responsible Person of CMC Magnetics Corporation (Listed Company2323)
2020-11-26
1. Date the fine was imposed:November 26, 2020
2. Recipient of the fine: CMC Magnetics Corporation
3. Legal basis of the fine: Article 36-1, Article 3 of the Regulations Governing Loaning of Funds Making of Endorsements/Guarantees by Public Companies
4. Facts of the violation and reasons: It was found that CMC Magnetics Corporation to loan entries. The loans were considered short-term in nature but the repayments have been overdue for more than 1 year, and, therefore, the company is in violation of Article 3 of the Regulations Governing Loaning of Funds for Making Endorsements/Guarantees by Public Companies.
5. Resulting fine: Sentenced to the fine, NT$240,000, in accordance with Article 36-1, Paragraph 1(11) of Article 178 and Paragraph 1 of Article 179 of the Securities and Exchange Act.
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Update：
2020-11-30