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News Releases |
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Announced by Yuanta Financial Holdings (formerly FFHs) on behalf of its subsidiary, Yuanta Securities Finance (formerly FSF), to declare of disposing its own property |
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- Name and nature of the subject matter (e.g. land located at Sublot XX, Lot XX, North District, Taichung City): Chong Shan Building located at NO.4 Chung-Hsiao W. Rd., Sec.1 Taipei City.
(4th, 5th and 6th floors and 15/110 of the basement area under proportionate ownership)
Land located at No.2 and NO.3, 3rd Gong Yuan Duan, Chung-Cheng district, Taipei City.
- Date of the occurrence of the event: 2007/09/14
- Transaction volume (e.g.XX square meters, equivalent to XX p'ing),unit price, total transaction price:
Land: 364.99 square meters.
Building: 5,061.22 square meters.
Total transaction price: NTD 788.65 million.
- Counterparty to the trade and its relationship with the company (if the trading counterpart is a natural person and is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):
Nan Shan Life Insurance Co., Ltd.
Relationship with the company: N/A
- Where the counterpart to the trade is an actual related party, a public announcement shall also include the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer and the date of acquisition: N/A
- Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the person’s relationship to the company at those times: N/A
- Anticipated loss or profit from the disposal (not applicable in cases of acquisition of assets) (where originally deferred, the status or recognition shall be stated and explained): Profit from the disposal: NTD 84.27 million.
- Terms of delivery or payment (including payment period and monetary
amount):
First payment: NTD 157.73 million.
Second payment: NTD 236.60 million.
Third payment: NTD 354.89 million.
Fourth payment: NTD 39.43 million.
Transfer of title is based on the moving schedule; but title transfer and delivery shall at the very latest be completed within one year after the signing of the purchase agreement.
- The manner of deciding on this transaction (such as tender invitation, price comparison, or price negotiation), the reference basis for the decision on price and the decision-making department:
The manner of decision: By price negotiation.
The manner of deciding the price: By the appraisal report of Sinyi Real Estate Appraisers Firm and Honda Appraisers Joint Film
- Name of the professional appraisal institution and its appraisal amount:
Name of the appraisal institution: Sinyi Real Estate Appraisers Firm. and Honda Appraisers Joint Film
Appraisal amount: Sinyi Real Estate Appraisers Firm: NTD 647.59 million
Honda Appraisers Joint Film: NTD 720.70 million.
- Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA: The building is conveniently located and has sufficient office space and parking space.
Opinion of the certifying CPA: The transaction price is reasonable.
- Is the appraisal report price a limited price or specific price?: No.
- Has an appraisal report not yet been obtained?: NO.
- Reason an appraisal report has not yet been obtained: N/A.
- Broker and broker's fee: N/A.
- Concrete purpose or use of the acquisition or disposition: Disposal of expected idle property after moving.
- Do the directors have any objection to the present transaction?: No.
- Any other matters that need to be specified: No.
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