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>News>Subsidiary Announcement>OPTC, a subsidiary of FENC,announced its acquisition of properties and equipments.
OPTC, a subsidiary of FENC,announced its acquisition of properties and equipments.
From:FENC

1.Name and nature of the subject matter (e.g.land located at
Sublot XX, Lot XX, North District, Taichung City):
One piece of land, including the buildings, machinery and equipments
erected upon the land, located at lot section 5 of Taoyuan Industrial
Park in Taoyuan County.
2.Date of the occurrence of the event:2010/04/14
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
unit price, total transaction price:
Land:191,516.4 square meters, equivalent to 57,933.711 p'ing,
unit price:NT$7,652.53 per square meters, transaction price:
NT$1,465,584,600
Buildings transaction price:NT$573,215,400
Machinery and equipments transaction price:NT$400,000,000
Total transaction price:NT$2,438,800,000
4.Counterparty to the trade and its relationship with the company (if
the trading counterpart is a natural person and is not an actual
related
party of the Company, the name of the trading counterpart is not
required to be disclosed):
court auction
5.Where the counterpart to the trade is an actual related party, a
public announcement shall also include the reason for choosing the
related party as trading counterpart and the identity of the
previous owner (including its relationship with the company and
the trading counterpart), price of transfer and the date of
acquisition:
NA
6.Where a person who owned the property within the past five years has
been an actual related person of the company, a public announcement
shall also include the dates and prices of acquisition and disposal
by the related person and the person’s relationship to the company
at those times:
NA
7.Anticipated loss or profit from the disposal (not applicable in cases
of acquisition of assets) (where originally deferred, the status or
recognition shall be stated and explained):
NA
8.Terms of delivery or payment (including payment period and monetary
amount):
(1)The bid deposit of NT$ 440,050,000 will be deducted from the total bid
amount.
(2)The remaining payment will be paid within seven days upon signing the
purchase agreement.
9.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:
court auction
10.Name of the professional appraisal institution and its appraisal
amount:
NA
11.Reason for any significant discrepancy with the transaction amount,
and opinion of the certifying CPA:
NIL
12.Is the appraisal report price a limited price or specific price?:
NA
13.Has an appraisal report not yet been obtained?:
NIL
14.Reason an appraisal report has not yet been obtained:
NA
15.Broker and broker's fee:
NIL
16.Concrete purpose or use of the acquisition or disposition:
Operational requirements
17.Do the directors have any objection to the present transaction?:
NIL
18.Any other matters that need to be specified:
The aforesaid assets are acquired through the court auction procedure.
According to the company’s bylaw “Regulations Governing the
Acquisition and Disposal of Assets by Public Companies”, the
evidentiary documentation issued by the court is deemed as the
substitute for the land value appraisal report or CPA opinion. 

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