Today's Information |
Provided by: Century Iron And Steel Industrial Co.,Lt | |||||
SEQ_NO | 1 | Date of announcement | 2022/06/17 | Time of announcement | 14:40:55 |
Subject | Century Iron & Steel Industrial Co. Ltd. Announces Disposal of Real Estate to Related Party | ||||
Date of events | 2020/08/18 | To which item it meets | paragraph 20 | ||
Statement | 1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):Lot 697-11, Jinhu Section, Guanyin District, Taoyuan City (including unfinished construction) 2.Date of occurrence of the event:2020/08/18~2020/08/18 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:Transaction quantityGapprox. 44.17 pings Price per unit: approximately $122,000 per ping (including unfinished construction) Total transaction amount: NT$5,389,000 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):Li Ching-Chin Relationship with the Company: Supervisor of Century Wind Power, a subsidiary of the Company 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 for selecting related parties as counter-parties: Asset Revitalization. (2) Owners of the previous transfer: Wing Shun Environmental Enterprise Co., Ltd (land) and Guofeng Construction Co. (3) The original landowner and operator had no relationship with Century Iron & Steel Industrial Co. (4) Previous transfer price: $3,535,000 for the land and $1,354,000 for the unfinished project. (5) Previous acquisition date: 2020/05/11 (land) and July 2020 (unfinished construction) 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):NT$500,000 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:(1) Payment terms: The contracted land payment is approximately NT$3.53 million and the construction payment is approximately NT$1.85 million. (2) Restrictive clauses of the contract: None (3) Other significant agreements: The area of the land shall be subject to the results of the land office's re-measurement. If there is any increase or decrease in the area of the land as a result of the actual measurement, the purchase price shall be revalued at a rate of NT$122,000 per ping. 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:Decision method of this transaction: Appraisal of peripheral land comparison (real price registration), land appraisal amount of approximately $80,000 per ping, and increase of $500,000 for unfinished construction at cost. Decision unit: Board of Directors 10.Name of the professional appraisal firm or company and its appraisal price:N/A 11.Name of the professional appraiser:N/A 12.Practice certificate number of the professional appraiser:N/A 13.The appraisal report has a limited price, specific price, or special price:N/A 14.An appraisal report has not yet been obtained:N/A 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:N/A 21.Concrete purpose or use of the acquisition or disposal:Revitalization of assets 22.Any dissenting opinions of directors to the present transaction:N/A 23.Whether the counterparty of the current transaction is a related party:Yes 24.Date of the board of directors resolution:2022/06/17 25.Date of ratification by supervisors or approval by the audit committee:2022/06/17 26.The transaction is to acquire a real property or right-of-use asset from a related party:No 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:None |
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Century Iron and Steel Industrial Co. Ltd. published this content on 17 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2022 06:52:06 UTC.