Nan Ya Plastics has issued filings with the Taiwan Stock Exchange (TSE) disclosing two separate one-year loans it has provided to DRAM manufacturers Nanya Technology and Inotera Memories.

Nan Ya will lend Nanya and Inotera, respectively, NT$19 billion (US$655 million) and NT$13 billion in a move to support their working capital needs, according to the filings.

Nan Ya is an affiliate of the Formosa Plastics Group (FPG), a major player in Taiwan's petrochemical industry. FPG is also the parent company of DRAM makers Nanya and Inotera.

By: DocMemory
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