Provided by: Far Eastern New Century Corporation | |||||
SEQ_NO | 3 | Date of announcement | 2011/12/27 | Time of announcement | 17:39:02 |
Subject |
The Board of Far Eastern Resources Development (FERD),the subsidiary of FENC, resolves the reassessment of land assets. |
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Date of events | 2011/12/27 | To which item it meets | article 2 paragraph 49 | ||
Statement |
1.Date of occurrence of the event:2011/12/27 2.Company name:FERD 3.Relationship to the Company (please enter ”head office” or ”affiliate company”):subsidiary 4.Reciprocal shareholding ratios:NA 5.Cause of occurrence: To reflect the current value of FERD’s land holdings while to increase shareholders’ equity. 6.Countermeasures:Nil 7.Any other matters that need to be specified: The estimated incremental value of land assets is NTD 9,785,179 while unrealized incremental value is NTD 7,880,188 after deducting the land incremental value tax provision of NTD 1,904,991.(The finalized amounts of the said above are subject to CPA’s audited numbers.) |