SEQ_NO |
1 |
Date of announcement |
2024/03/04 |
Time of announcement |
17:47:05 |
Subject |
Far Eastern Resource Development, FENC's subsidiary, plans to acquire the land in Banqiao District, New Taipei City from Far Eastern Construction. |
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Date of events |
2024/03/04 |
To which item it meets |
paragraph 20 |
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Statement |
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City): (1) Name: Ya Dong Section of Banqiao District in New Taipei City, such as Land No. 625 & 626-1 (2) Nature: Residential area 2.Date of occurrence of the event:2024/03/04 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: (1) Land: 137 square meters, equivalent to 41.4425 pings (2) Unit price: NT$1,501,000 per ping (3) Total transaction price: NT$62.205 million 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): (1) Trading counterparty: Far Eastern Construction Co., Ltd. (FECC) (2) Relationship with the Company: Both Far Eastern Resource Development Co., Ltd. (FERD) and FECC are FENC's subsidiaries. 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: (1)Reason: In response to long-term operational needs, FERD has acquired complete ownership of the land on which its building is situated. (2)Owner of previous transfer: Land No. 625 in Ya Dong Section: Mr./Ms. Jiang, individual Land No. 626-1 in Ya Dong Section: Republic of China (3)Relationship between the Company and counterparty: N/A (4)Previous transfer price: Land No. 625 in Ya Dong Section: NT$12.557 million Land No. 626-1 in Ya Dong Section: NT$3.890 million (5)Previous transfer date: Land No. 625 in Ya Dong Section: 1991/12/9 Land No. 626-1 in Ya Dong Section: 1992/11/16 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:N/A 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):N/A 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: (1)Terms of delivery or payment:In accordance with the agreement (2)Contractual restrictions and other important agreements:NIL 9.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: (1)The manner of deciding on this transaction: Price negotiation (2)The reference basis for the decision on price: The land evaluation reports (3)The decision-making department: Board of Directors 10.Name of the professional appraisal firm or company and its appraisal price: Professional appraisal firm or company: Colliers International Appraisal price: NT$62.578 million 11.Name of the professional appraiser: Feng-Ju Ko, the Real Estate Appraiser 12.Practice certificate number of the professional appraiser: (103) TCG_NO.000203 13.The appraisal report has a limited price, specific price, or special price:No 14.An appraisal report has not yet been obtained:No 15.Reason for an appraisal report not being obtained:N/A 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:N/A 17.Name of the CPA firm:N/A 18.Name of the CPA:N/A 19.Practice certificate number of the CPA:N/A 20.Broker and broker's fee:NIL 21.Concrete purpose or use of the acquisition or disposal: In response to long-term operational needs, FERD has acquired complete ownership of the land on which its building is situated. 22.Any dissenting opinions of directors to the present transaction:NIL 23.Whether the counterparty of the current transaction is a related party:Yes 24.Date of the board of directors resolution:2024/03/04 25.Date of ratification by supervisors or approval by the audit committee:2024/03/04 26.The transaction is to acquire a real property or right-of-use asset from a related party:Yes 27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies:N/A 28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations:N/A 29.Any other matters that need to be specified:NIL |