The Board of Far Eastern Resources Development (FERD),the subsidiary of FENC, resolves the reassessment of land assets.
From：
Provided by: Far Eastern New Century Corporation
SEQ_NO
3
Date of announcement
2011/12/27
Time of announcement
17:39:02
Subject
The Board of Far Eastern Resources Development
(FERD),the subsidiary of FENC, resolves the
reassessment of land assets.
Date of events
2011/12/27
To which item it meets
article 2 paragraph 49
Statement
1.Date of occurrence of the event:2011/12/27
2.Company name:FERD
3.Relationship to the Company (please enter ”head office” or
”affiliate company”):subsidiary
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:
To reflect the current value of FERD’s land holdings
while to increase shareholders’ equity.
6.Countermeasures:Nil
7.Any other matters that need to be specified:
The estimated incremental value of land assets is
NTD 9,785,179 while unrealized incremental value is
NTD 7,880,188 after deducting the land incremental
value tax provision of NTD 1,904,991.(The finalized amounts
of the said above are subject to CPA’s audited numbers.)
