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Statement |
1.Name and nature of the subject matter (e.g.land located at
Sublot XX, Lot XX, North District, Taichung City):
7 pieces of raw land, lot No. 988, 989, 989-1,
1012, 1012-1, 1016, 1017 located at Banchiao, New Taipei City.
2.Date of the occurrence of the event:2014/04/30
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
unit price, total transaction price:
(1)LAND:12,586.00 square meters, equivalent to 3,807.27 p'ing.
(2)unit price:NT$31.6920 thousand per p'ing
(3)total transaction price:NT$1,206,599,382
4.Counterparty to the trade and its relationship with the company (if
the trading counterpart is a natural person and is not an actual
related
party of the Company, the name of the trading counterpart is not
required to be disclosed):
(1)trading counterpart:Oriental Institute of Technology
(2)Relationship:The chairman are the same one.
5.Where the counterpart to the trade is an actual related party, a
public announcement shall also include the reason for choosing the
related party as trading counterpart and the identity of the
previous owner (including its relationship with the company and
the trading counterpart), price of transfer and the date of
acquisition:
(1)In response to the lack of available developable land and its future
campus development plans, OIT plans to purchase the aforesaid land.
(2)FENC
(3)FERD is FENC's subsidiary
(4)NA
(5)2003/09/02
6.Where a person who owned the property within the past five years has
been an actual related person of the company, a public announcement
shall also include the dates and prices of acquisition and disposal
by the related person and the person’s relationship to the company
at those times:
NIL
7.Anticipated loss or profit from the disposal (not applicable in cases
of acquisition of assets) (where originally deferred, the status or
recognition shall be stated and explained):
The disposal gain is NT$ 1,054,475,375
8.Terms of delivery or payment (including payment period and monetary
amount):
(1)a.This transaction should be resolved by board meetings of both
parties, and then an official purchase and sales contract will
be signed by both parties on the date predetermined by both
parties to conclude the transaction.
b.Payment period on land sales:
1.The first payment is NT$ 361,979,815 or 30% of the total payment.
OIT shall pay FERD within 7 days upon receiving the invoice;
provided that OIT signs the “land sales & purchase agreement”
with FERD, FERD stamps the transfer of ownership documents, files
the related documents to a land registration agent agreed by both
parties, and issues the invoice for the first payment.
2.The second payment is NT$ 603,299,691 or 50% of the total payment.
FERD will issue the invoice for the second payment after receiving
the land value increment tax bill. OIT shall pay FERD within 7 days
upon receiving the invoice.
3.The third (final) payment is NT$ 241,319,876 or 20% of the total
payment. FERD will issue the invoice for the final payment after the
ownership transfer is filed with the regulated authority. OIT shall
pay FERD within 7 days upon receiving the invoice.
(2)According to Private School Law, OIT’s land purchase shall be subjected
to the approval of the Ministry of Education. Therefore, “the letter of
commitment to sell from the land owner” and “land sales & purchase
agreement” should be submitted to the Ministry of Education for prior
approval. The land selling price proposed by the letter will expire on
14 Oct 2014. If the deal fails by then, FERD will need to re-propose its
land disposal proposal to its Board of Directors for approval.
9.The manner of deciding on this transaction (such as tender invitation
, price comparison, or price negotiation), the reference basis for the
decision on price and the decision-making department:
(1)price negotiation
(2)The land revaluation reports of DTZ Debenham Tie Leung Real Estate
Appraiser Office, Sinyi Real Estate Appraisers Firm, CCis Real
Estate Joint Appraisers Firm, Euro-Asia Real Estate Appraisers Firm
and Elite Appraisers Firm
(3)BOD
10.Name of the professional appraisal institution and its appraisal
amount:
DTZ Debenham Tie Leung Real Estate Appraiser Office:NT$1,248,784,560
Sinyi Real Estate Appraisers Firm:NT$1,247,261,652
CCis Real Estate Joint Appraisers Firm:NT$1,206,903,007
Euro-Asia Real Estate Appraisers Firm:NT$1,149,795,540
Elite Appraisers Firm:NT$1,180,252,150
11.Reason for any significant discrepancy with the transaction amount,
and opinion of the certifying CPA:NIL
12.Is the appraisal report price a limited price or specific price?:NIL
13.Has an appraisal report not yet been obtained?:NO
14.Reason an appraisal report has not yet been obtained:NIL
15.Broker and broker's fee:NA
16.Concrete purpose or use of the acquisition or disposition:
For OIT‘s future campus development plans
17.Do the directors have any objection to the present transaction?:NA
18.Any other matters that need to be specified:NO
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