SEQ_NO | 3 | Date of announcement | 2015/01/16 | Time of announcement | 19:50:57 |
Subject |
The transaction of land between FENC’s subsidiary FERD and Far Eastern Memorial Hospital |
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Date of events | 2015/01/16 | To which item it meets | article 2 paragraph 20 | ||
Statement |
1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District, Taichung City): Land located at Ya Dong Section of Banqiao District, Lot No. 1006. 2.Date of the occurrence of the event:2015/01/16 3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price: (1) Land area: 5,592.00 square meters (equivalent to 1,691.58 pings). (2) Unit price: NT$ 1.11 million per ping. (3) Total transaction price: NT$ 1,878.322 million. 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): (1) Trading counterpart: Far Eastern Memorial Hospital (2) Relationship with the company: Far Eastern Resources Development Co., Ltd. (hereafter referred to as FERD) & Far Eastern Memorial Hospital have the same chairman. 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: (1) The Foundation plans to purchase the aforesaid land for the expansion projects of Far Eastern Memorial Hospital (2) Far Eastern Textile Ltd. (renamed Far Eastern New Century Corporation, hereafter referred to as FENC). (3) Relationship with the company: FERD is FENC’s subsidiary. Trading counterpart: Same chairman for both parties. (4) Not applicable (FENC spun off its holdings of land and transferred such holdings to FERD). (5) 2003. 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: Not applicable. 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): Under ROC GAAP, FERD estimates the gain from land disposal to be about NT$ 1,600 million. 8.Terms of delivery or payment (including payment period and monetary amount): According to the contract. 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: Price negotiation. Land valuation report of real estate appraisers. Board of Directors. 10.Name of the professional appraisal institution and its appraisal amount: Elite Appraisers Firm: NT$ 1,894 million Repro Knight Frank Property: NT$ 1,854 million. DTZ Debenham Tie Leung Real Estate Appraiser Office:NT$ 1,911.485 million. Sinyi Real Estate Appraisers Firm:NT$ 1,853.803 million 11.Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA:None 12.Is the appraisal report price a limited price or specific price?: NO 13.Has an appraisal report not yet been obtained?:NO 14.Reason an appraisal report has not yet been obtained:Not applicable. 15.Broker and broker's fee:None 16.Concrete purpose or use of the acquisition or disposition: The Foundation plans to purchase the aforesaid land for the expansion projects of Far Eastern Memorial Hospital 17.Do the directors have any objection to the present transaction?:None 18.Any other matters that need to be specified:None |