SEQ_NO | 1 | Date of announcement | 2015/11/06 | Time of announcement | 18:48:09 |
Subject |
FAR EASTERN POLYTEX (VIETNAM) LTD.(FEPV), the subsidiary of FENC, announces to acquire the land-use rights with Bau Bang Industrial Zone in Vietnam. |
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Date of events | 2015/11/06 | To which item it meets | paragraph 20 | ||
Statement |
1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District, Taichung City): Industrial property located at lot B_4B_CN and B_5B_CN, Bau Bang IP, Bau Bang District, Binh Duong Province, Vietnam. 2.Date of the occurrence of the event:2015/11/06 3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price: (1) Land area: 993,300 square meters. (2) Unit price: USD$32 per square meters. (3) Total transaction price: USD$ 31,785,600. 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: BECAMEX IDC CORPORATION (2) Relationship with the company: NA 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) The aforesaid acquisition of the land-use rights is to meet the need for FEPV’s expansion plans. (2) BECAMEX IDC CORPORATION. (3) Relationship with the company:NA. Trading counterpart: NA (4) NA (5) NA 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: Not applicable. 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):Not applicable. 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:According to the contract. 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: Price negotiation. Land valuation report of real estate appraisers. Board of Directors. 10.Name of the professional appraisal institution and its appraisal amount: (1)DONG NAI VALUATION CORPORATION。 USD 34,139,721 (2)CBRE (Vietnam) CO. Ltd。 USD 31,786,000 11.Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA:None 12.Is the appraisal report price a limited price or specific price?: NO. 13.Has an appraisal report not yet been obtained?:NO 14.Reason for an appraisal report not been obtained:Not 15.Broker and broker's fee:None 16.Concrete purpose or use of the acquisition or disposal: The purpose is to meet the need for FEPV’s expansion plans. 17.Do the directors have any objection to the present transaction?:None 18.Any other matters that need to be specified:None |