• Thu. Dec 1st, 2022

Farglory FTZ Investment: Announcement of Asset Acquired on Behalf of Farglory Subsidiary Free Trade Zone Co., Ltd.

ByWillie M. Evans

Jun 29, 2022


1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):Construction on added value building
H at Farglory Free Trade Zone (Phase two)
2.Date of occurrence of the event:2022/06/29~2022/06/29
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Transaction unit amount: 21,108.83 pin
Total transaction price: NT$2,960,000,000
Unit price: NT$140,226/pin
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):Trading counterparty: Tong Yuan Construction Co., Ltd.
Relations with the Company: Group enterprise
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:It offers the lowest engineering quotation, and the company sales
 and construction quality are both outstanding.
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:
Not applicable
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):Not applicable
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:Pay by contract terms.
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:The manner of deciding on
this transaction: open tender, tender opening for negotiation.
The decision-making unit: Board of Directors
10.Name of the professional appraisal firm or company and
its appraisal price:
Jhong-Ding Real Estate Appraisal: NT$3,330,973,563
Jhong-Lien Real Estate Appraisal: NT$3,349,572,355
11.Name of the professional appraiser:
Wu-Chi Jan
Feng-Lin Liao
12.Practice certificate number of the professional appraiser:
(100) Taipei-City-Appraisal #000172
(96) Taipei-City-Appraisal #000122
13.The appraisal report has a limited price, specific price,
or special price:Not applicable
14.An appraisal report has not yet been obtained:Not applicable
15.Reason for an appraisal report not being obtained:Not applicable
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:Not applicable
17.Name of the CPA firm:Not applicable
18.Name of the CPA:Not applicable
19.Practice certificate number of the CPA:Not applicable
20.Broker and broker's fee:Not applicable
21.Concrete purpose or use of the acquisition or disposal:Meet the operation
22.Any dissenting opinions of directors to the present transaction:Not
23.Whether the counterparty of the current transaction is a
related party:Yes
24.Date of the board of directors resolution:2022/06/29
25.Date of ratification by supervisors or approval by
the audit committee:2022/06/29
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:Not applicable
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:Not applicable
29.Any other matters that need to be specified:The quotation includes the
construction on added-value building H (phase one) - assumption
construction and basic construction approved by the Board of Directors
 on 2022/03/10. The total amount is NT$296,000,000. Therefore, it is
appraised by two real estate appraisers on the construction of building H
(Total amount of the two contracts are NT$3,256,000,000).