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>News>Subsidiary Announcement>Oriental Petrochemical (Taiwan) Co., Ltd., FENC’s subsidiary, announced the disposal of land
Oriental Petrochemical (Taiwan) Co., Ltd., FENC’s subsidiary, announced the disposal of land
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 1

Date of announcement

 2024/03/15

Time of announcement

 17:09:57

Subject

 Oriental Petrochemical (Taiwan) Co., Ltd., FENC’s

subsidiary, announced the disposal of land

Date of events

  2024/03/15

To which item it meets

paragraph 20

Statement

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,

Lot XX, North District, Taichung City):

 Land No. 113 & 114 at 4th section, Guanyin Industrial Park, Guanyin,

 Taoyuan City

2.Date of occurrence of the event:2024/03/15

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),

unit price, and total transaction price:

 The land area covers 16,099 square meters, equivalent to 4,869.95 pings.

 With a rate of NT$ 0.238 million per ping, the total transaction amount

 is NT$ 1,159.048 million.

4.Trading counterparty and its relationship with the Company (if the trading

counterparty is a natural person and furthermore is not a related party of

the Company, the name of the trading counterparty is not required to be

disclosed):

 AIR PRODUCTS SAN FU CO., LTD. (Non related party)

5.Where the trading counterparty is a related party, announcement shall also

be made of the reason for choosing the related party as trading counterparty

and the identity of the previous owner, its relationship with the Company

and the trading counterparty, and the previous date and monetary amount of

transfer:N/A

6.Where an owner of the underlying assets within the past five years has

been a related party of the Company, the announcement shall also include the

date and price of acquisition and disposal by the related party, and its

relationship with the Company at the time of the transaction:N/A

7.Projected gain (or loss) through disposal (not applicable for

acquisition of assets; those with deferral should provide a table

explaining recognition):

 The estimated disposal gain will be recognized NT$ 369.182 million.

8.Terms of delivery or payment (including payment period and

monetary amount), restrictive covenants in the contract,

and other important terms and conditions:

 In accordance with the contract

9.The manner of deciding on this transaction (such as invitation to tender,

price comparison, or price negotiation), the reference basis for the

decision on price, and the decision-making unit:

 (1)The manner of deciding on this transaction: Price negotiation

 (2)The reference basis for the decision on price:

     Referring to neighborhood market trends and professional

     appraisal reports

 (3)The decision-making department: Board of Directors

10.Name of the professional appraisal firm or company and

its appraisal price:

  (1)Chia-Ju Real Estate Appraiser Firm; NT$ 1,047.039 million

  (2)Honda Real Estate Appraiser Firm; NT$ 973.990 million

11.Name of the professional appraiser:

  (1)Chia-Ju Real Estate Appraiser Firm

     Chang-Jun Hsu, the Real Estate Appraiser:

     (104) Taichung City Appraisal Certificate No.000079

  (2)Honda Real Estate Appraiser Firm

     Chien-Ming Tsai, the Real Estate Appraiser:

     (110) Taipei City Appraisal Certificate No.000301

12.Practice certificate number of the professional appraiser:

  As above

13.The appraisal report has a limited price, specific price,

or special price:No

14.An appraisal report has not yet been obtained:No

15.Reason for an appraisal report not being obtained:N/A

16.Reason for any significant discrepancy with the appraisal reports

and opinion of the CPA:N/A

17.Name of the CPA firm:N/A

18.Name of the CPA:N/A

19.Practice certificate number of the CPA:N/A

20.Broker and broker's fee: The expenses for the Cushman & Wakefield

  (Taiwan branch) are in accordance with the contract.

21.Concrete purpose or use of the acquisition or disposal:

  In consideration of revitalizing assets, enhancing financial structure,

  and strengthening operational funds.

22.Any dissenting opinions of directors to the present transaction:NIL

23.Whether the counterparty of the current transaction is a

related party:No

24.Date of the board of directors resolution:2024/03/15

25.Date of ratification by supervisors or approval by

the audit committee:NA

26.The transaction is to acquire a real property or right-of-use

asset from a related party:No

27.The price assessed in accordance with the Article 16 of the

Regulations Governing the Acquisition and Disposal of Assets

by Public Companies:N/A

28.Where the above assessed price is lower than the transaction price,

the price assessed in accordance with the Article 17 of the same

regulations:N/A

29.Any other matters that need to be specified:NIL

 

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