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Statement |
1.Name and nature of the subject matter (e.g.land located at
Sublot XX, Lot XX, North District, Taichung City):
Plot A09B – 02, World Expo Zone, Pudong New Area, Shanghai
2.Date of the occurrence of the event:2013/05/09
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
unit price, total transaction price:
(1)LAND:6,100.4 square meters, equivalent to 1,845.37 p'ing.
(2)total transaction price:RMB978,000 thousand
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):
trading counterpart:Shanghai Land and Resources Bureau (SHGTJ)
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):
Method of payment is based on instructions mentioned in the
contract of “Transfer of Land Use Right”.
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:
tender invitation
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:NA
12.Is the appraisal report price a limited price or specific price?:NA
13.Has an appraisal report not yet been obtained?:NA
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?:NA
18.Any other matters that need to be specified:
Land development of the acquired object will be conducted by a newly
established subsidiary, and joint investment of affiliated companies
depends on the progress of land development in the future. Details of
subsequent investments regarding the acquired land will be disclosed
according to the regulation.
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