Today's Information |
Provided by: YeaShin International Development Co., Ltd. | |||||
SEQ_NO | 1 | Date of announcement | 2022/08/17 | Time of announcement | 14:34:36 |
Subject | Announcement of Company selling building land to related parties | ||||
Date of events | 2022/08/17 | 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): One land on Land No. 890, Lixin Section Linkou District, New Taipei City 2.Date of the occurrence of the event:2022/08/17 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Transaction amount: Land No. 890, Lixin Section, New Taipei City, is 679.68 square meters, equivalent to 205.6 Pings. Each unit price is NT$1,800,000, with a total transaction amount of NT$370,080,000. 4.Trading counterparty and its relationship to 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): Counterparty Kuoyuan Construction Co., Ltd.( hereinafter referred to as "Kuoyuan") is determined as the related party of the Company according to the relevant law and decree in IAS24. 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 value of transfer: Reason for selecting the related party as the object of transaction: Selection by general transaction conditions, with the transacting conditions identical between the related parties and non-related parties. The owner of previous transfer, transfer price, and date of acquisition: The Company has merged with YEASHIN DEVELOPMENT CO., LTD. in 2013. The transaction land was acquired from the merger and acquisition and the previous date of acquisition is over 5 years from this transaction. Moreover, the original object of the transaction did not have any relation to our Company and the related party, Kuoyuan Construction Co., Ltd. 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 to 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): The estimated gain on disposal is approximately NT$103,000,000. 8.Terms of delivery or payment (including payment period and monetary value), restrictive covenants in the contract, and other important terms and conditions: To be delivered according to the agreement of land for separate parcels of land number. Other important terms and conditions: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 department: To be negotiated with reference on market price and the authorization from the Board of Directors to the Chairman for implementation. 10.Name of the professional appraisal firm or company and its appraisal price: HomeBan Appraisers Joint Firm, valuation amount of NT$359,800,000. 11.Name of the professional appraiser: Li, Ching-Tang. 12.Practice certificate number of the professional appraiser: (108)TCG_NO.000278 13.The appraisal report has a limited price, specific price, or special price:None or not applicable 14.An appraisal report has not yet been obtained:None or 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:None 21.Concrete purpose or use of the acquisition or disposal: Put stocking land into use and integrate the company resources. 22.Any dissenting opinions of directors to the present transaction:None 23.Whether the counterparty of the current transaction is a related party:Yes 24.Date of the board of directors' resolution:2022/08/17 25.Date of ratification by supervisors or approval by the audit committee:2022/08/17 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: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:None |
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YeaShin International Development Co. Ltd. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 06:53:03 UTC.