- Home
- Corporate Governance
- News & Events
- Material Information
- On behalf of the Company’s subsidiary, Chengjing Enterprise Co., Ltd., to announce the acquisition of real estate
2024-07-15
Back to list
On behalf of the Company’s subsidiary, Chengjing Enterprise Co., Ltd., to announce the acquisition of real estate
Subject： On behalf of the Company’s subsidiary, Chengjing Enterprise Co., Ltd., to announce the acquisition of real estate
To which item it meets：paragraph 20
Date of events： 2024/7/15
Statement:
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):The land and above-ground buildings located in the Beiguan section of Toucheng Town, Yilan County
2.Date of occurrence of the event:2024/07/15
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: (1)Land: unit:132,101 square meters, equivalent to 39,961 ping unit price:NT$3,482/square meter total transaction price:NT$460,000 thousand (2)Building: unit:7,724square meters, equivalent to 2,336 ping total transaction price:NT$42,489 thousand
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):counterparty:natural person; relationship with the Company:none.
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:not applicable
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:not applicable
7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):not applicable
8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: (1)Land: a.payment terms: The 1st installment of the signing payment is 10% of the total price; The 2nd installment is 30% of the total price; The 3rd installment is 60% of the total price. Aforementioned payments shall be xecuted according to contract terms. (2)Buildings (share purchase agreement): 100% of the total price of the shares will be paid in a lump sum on the settlement date. Contract restrictions and other important agreements: a.Cancellation of the registration of caution on partial plot of land in the Beiguan Section must be executed by competent authority. And the land transfer should be completed within one year from the date of contract signing, and if the contract expires, the buyer has the right to terminate the contract. b.The real estate contract and the equity sales contract for the aquistion of buildings and other assets are jointly established. When the validity of any contract is extinguished, the effect of the other contract is also extinguished.
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:manner:price negotiation reference basis for the decision on price:valuation report the decision-making unit:board of directors
10.Name of the professional appraisal firm or company and its appraisal price:Tianyi Real Estate Appraiser Office.
11.Name of the professional appraiser:Liu Zhiwei;Zhuang Weiquan
12.Practice certificate number of the professional appraiser: (109)New Taipei City Assessment Certificate No. 000140(renewal) (96) New Taipei City Assessment Certificate No. 000024(renewal)
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:not applicable
16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:not applicable
17.Name of the CPA firm:not applicable
18.Name of the CPA:not applicable
19.Practice certificate number of the CPA:not applicable
20.Broker and broker's fee:not applicable
21.Concrete purpose or use of the acquisition or disposal: It is used for the purpose of the Group's education and training venues and the operation and development of domestic tourism business.
22.Any dissenting opinions of directors to the present transaction:no
23.Whether the counterparty of the current transaction is a related party:no
24.Date of the board of directors resolution:2024/07/15
25.Date of ratification by supervisors or approval by the audit committee:2024/07/15
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:not applicable
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:not applicable 29.Any other matters that need to be specified: In order to improve the effectiveness of Sinyi Group's employee education and training and attract talents, and at the same time to develop domestic tourism business, Chengjing Enterprise Co., Ltd. will purchase real estate and equity from others to obtain real estate as a place for employee education and training and sightseeing and tourism operations. The land acquired for NT$460,000 thousand was originally mainly used for the leisure farm, so Chengjing Enterprise Co., Ltd. also purchased the entire equity interest of ”Beiguan Leisure Farm Co., Ltd.”, which operates the leisure farm, for NT$42,489 thousand (with the amount due to the shareholder of $17,511 thousand on the account) to acquire the company's farm buildings, which Sinyi Group can integrate the land and buildings afor future business development.
To which item it meets：paragraph 20
Date of events： 2024/7/15
Statement:
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):The land and above-ground buildings located in the Beiguan section of Toucheng Town, Yilan County
2.Date of occurrence of the event:2024/07/15
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: (1)Land: unit:132,101 square meters, equivalent to 39,961 ping unit price:NT$3,482/square meter total transaction price:NT$460,000 thousand (2)Building: unit:7,724square meters, equivalent to 2,336 ping total transaction price:NT$42,489 thousand
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):counterparty:natural person; relationship with the Company:none.
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:not applicable
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:not applicable
7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):not applicable
8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: (1)Land: a.payment terms: The 1st installment of the signing payment is 10% of the total price; The 2nd installment is 30% of the total price; The 3rd installment is 60% of the total price. Aforementioned payments shall be xecuted according to contract terms. (2)Buildings (share purchase agreement): 100% of the total price of the shares will be paid in a lump sum on the settlement date. Contract restrictions and other important agreements: a.Cancellation of the registration of caution on partial plot of land in the Beiguan Section must be executed by competent authority. And the land transfer should be completed within one year from the date of contract signing, and if the contract expires, the buyer has the right to terminate the contract. b.The real estate contract and the equity sales contract for the aquistion of buildings and other assets are jointly established. When the validity of any contract is extinguished, the effect of the other contract is also extinguished.
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:manner:price negotiation reference basis for the decision on price:valuation report the decision-making unit:board of directors
10.Name of the professional appraisal firm or company and its appraisal price:Tianyi Real Estate Appraiser Office.
11.Name of the professional appraiser:Liu Zhiwei;Zhuang Weiquan
12.Practice certificate number of the professional appraiser: (109)New Taipei City Assessment Certificate No. 000140(renewal) (96) New Taipei City Assessment Certificate No. 000024(renewal)
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:not applicable
16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:not applicable
17.Name of the CPA firm:not applicable
18.Name of the CPA:not applicable
19.Practice certificate number of the CPA:not applicable
20.Broker and broker's fee:not applicable
21.Concrete purpose or use of the acquisition or disposal: It is used for the purpose of the Group's education and training venues and the operation and development of domestic tourism business.
22.Any dissenting opinions of directors to the present transaction:no
23.Whether the counterparty of the current transaction is a related party:no
24.Date of the board of directors resolution:2024/07/15
25.Date of ratification by supervisors or approval by the audit committee:2024/07/15
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:not applicable
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:not applicable 29.Any other matters that need to be specified: In order to improve the effectiveness of Sinyi Group's employee education and training and attract talents, and at the same time to develop domestic tourism business, Chengjing Enterprise Co., Ltd. will purchase real estate and equity from others to obtain real estate as a place for employee education and training and sightseeing and tourism operations. The land acquired for NT$460,000 thousand was originally mainly used for the leisure farm, so Chengjing Enterprise Co., Ltd. also purchased the entire equity interest of ”Beiguan Leisure Farm Co., Ltd.”, which operates the leisure farm, for NT$42,489 thousand (with the amount due to the shareholder of $17,511 thousand on the account) to acquire the company's farm buildings, which Sinyi Group can integrate the land and buildings afor future business development.