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Ta Chen International Inc has completed contract for USD 48 million syndicated loans for its subsidiary Ta Chen (B.V.I.) Holdings Ltd, and held a contract ceremony at the group's headquarters in Tainan City on November 25. The purpose of the loans are to enable Ta Chen (B.V.I.) Holdings Ltd to return the working fund and fulfill mid-term business operation.

 

Ta Chen International Inc's business strategy is based on "strategy planning in Taiwan; Global purchase; Global sales". With the expanding sales routes and product line, the group's consolidated revenue in 2014 was over NTD 50 billion. According to Ta Chen International Inc, 80% of group revenue comes from the Internet sales platform. In the future the expanding global sales routes and product line will help improve the group's business growth. Recently Ta Chen International Inc has also started to tap into the hand tool industry.

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