To clarify the article of Next Magazine related to the “California Dream” on 2013/7/3
From：
SEQ_NO
1
Date of announcement
2013/07/04
Time of announcement
10:22:58
Subject
To clarify the article of Next Magazine related to the
“California Dream” on 2013/7/3
Date of events
2013/07/03
To which item it meets
article 2 paragraph 31
Statement
1.Name of the reporting media:
Next Magazine
2.Date of the report:2013/07/03
3.Content of the report:
the article of Next Magazine related to the“California Dream”
4.Summary of the information provided by investors:N/A
5.Company's explanation of the reportage or provided information:
The plot of land used for constructing the “California Dream” ,
a residential housing project in Banciao(the Project), was
owned by Far Eastern Construction Co., Ltd. (FECC), a subsidiary
of Far Eastern New Century Corporation (FENC), and Oriental
Institute of Technology separately. The Project was constructed
and financed by FECC. According to the shareholding percentage,
FENC recognized its investment income through the Project related
subsidiaries legally.
6.Countermeasures:
To clarify the information reported by Next Magazine
7.Any other matters that need to be specified:
None
