• Thu. Dec 1st, 2022

Taiwan Shin Kong Security: On behalf of subsidiary Yi Kong Int. Co., Ltd., announced the acquisition of a right of use from a related party, Shin Kong Life Insurance Co., Ltd.

ByWillie M. Evans

Jun 27, 2022






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Provided by: TAIWAN SHIN KONG SECURITY CO.,LTD.

SEQ_NO

seven

announcement date

2022/06/27

Announcement time

17:22:45

Matter

 On behalf of subsidiary Yi Kong Int. Co., Ltd.,
announced the acquisition of a right-of-use asset from a
related party,Shin Kong Life Insurance Co., Ltd.

Date of events

2022/06/27

What item it responds to

paragraph 20

Statement

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
Shin Kong Life Insurance Co., Ltd.
B3F., Ln. 141, Sec. 1, Zhongshan Rd., Banqiao Dist., New Taipei City
Taiwan (R.O.C.)
2.Date of occurrence of the event:2022/06/27
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Lease period: 2022/07/01-2027/06/30
Number of units traded: Total of about 44 parking spaces
Price per unit:
Rent per parking space is approximately NT$4,286
and NT$188,571 per month (before tax)
Total rent: NT$11,314,260 (before tax)
Amount of right-of-use assets: NT$10,888,368 (before tax)
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):
Shin Kong Life Insurance Co.,Ltd
Relationship with the Company: Related party
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:
Based on the overall planning of cost and business.
The identity of the previous owner:N/A
Previous owner's relationship with the Company and the trading
counterparty:N/A
The previous date:N/A
The previous monetary amount of transfer:N/A
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:None
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):None
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
Lease period: 2022.07.01~2027.06.30
The rent of NT$188,571(before tax) shall be paid monthly.
Restrictions: None.
Other important contractual matters: None.
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:
Transaction manner:NA
Price determination:Refer to the regional rental prices.
Decision-making unit:board of directors.
10.Name of the professional appraisal firm or company and
its appraisal price: Zhan-Mao Real Estate Appraisers Firm
Monthly rent:NT$192,762(before tax)
Value of the right-of-use real estate:NT$5,246,284(before tax)
11.Name of the professional appraiser:SYU CHUN BAO
12.Practice certificate number of the professional appraiser:
The official document (code:(107)北市估字第000256號)
13.The appraisal report has a limited price, specific price,
or special price:None
14.An appraisal report has not yet been obtained:None
15.Reason for an appraisal report not being obtained:None
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:None
17.Name of the CPA firm:None
18.Name of the CPA:None
19.Practice certificate number of the CPA:None
20.Broker and broker's fee:None
21.Concrete purpose or use of the acquisition or disposal:
Based on the overall planning of cost and business.
22.Any dissenting opinions of directors to the present transaction:No
23.Whether the counterparty of the current transaction is a
related party:Yes
24.Date of the board of directors resolution:2022/06/27
25.Date of ratification by supervisors or approval by
the audit committee:2022/06/27
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:NT$40,689,580
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:None
29.Any other matters that need to be specified:No

Disclaimer

SKS – Taiwan Shin Kong Security Co. Ltd. published this content on June 27, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Jun 27, 2022 11:44:02 AM UTC.

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Sales 2021 7,567 million
255 million
255 million
Net income 2021 963M
32.4 million
32.4 million
Net cash 2021 5,216 million
176 million
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PER 2021 ratio 15.7x
2021 performance 5.08%
Capitalization 15,349 million
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EV / Sales 2020 1.35x
EV / Sales 2021 1.31x
# of employees 5,150
Floating 65.8%

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