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MarketScreener Homepage  >  Equities  >  Taiwan Stock Exchange  >  Hua Nan Financial Holdings Co., Ltd.    2880   TW0002880002

HUA NAN FINANCIAL HOLDINGS CO., LTD.

(2880)
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Hua Nan Financial : Announcement on behalf of subsidiary HNAMC to dispose of real estate.

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07/24/2017 | 04:24am EST
Announcement on behalf of subsidiary HNAMC to dispose of real estate.
1.Name and nature of the subject matter (e.g.land located at
  Sublot XX, Lot XX, North District, Taichung City):
 (1)Land Description: Land No. 802 and 803, Peipi Section, Tucheng District,
 New Taipei City
 (2)Rights Description: According to the ratio of its share of rights on
 land obtained from the transaction at point to the total area of developed
 land, the buyer is also granted additional entitlement to future transfer
 of floor area rights that is expected to derive from the land reserved for
 public facilities the seller previously acquired with a view to increasing
 development intensity. .
2.Date of the occurrence of the event:2017/07/11
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
  unit price, total transaction price:
 (1) Area of Land Transacted: 2,691.3001 square meters, equivalent to
 814.12 pings
 (2) Unit Price: NT$695,229 per ping
 (3) Total Transaction Price: NT$566,000,000
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):
 Hua Nan Commercial Bank Ltd., which is, as is the case with Hua Nan Assets
 Management Co., Ltd., a wholly owned subsidiary of Hua Nan Financial
 Holdings Co., Ltd.
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) Reason for choosing the trading counterpart: to meet the Hua Nan
 Commercial Bank's need for building a new information center.
 (2) Identity of the previous owner: the court (which auctioned the land at
 point).
 (3) The previous owner's relationship with the company and the trading
 counterpart: none.
 (4) Date of the previous transfer: October 1, 2012.
 (5) Price of the previous transfer: NT$444,820,980..
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):NT$244,707,227
8.Terms of delivery or payment (including payment period and monetary
  amount), restrictive covenants in the contract,
 and other important stipulations:
 In accordance with the contracts signed for the real estate transaction at
 point.
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:
 (1) Manner of deciding on the transaction: negotiation.
 (2) Reference basis for deciding on the transaction price: real estate
 appraiser's report.
 (3) Decision-making department: Board of Directors.
10.Name of the professional appraisal institution and its appraisal
   amount:
 (1) Sinyi Real Estate Appraisers Firm.
 (2) Appraisal Amount: NT$1,545,655,908 (Appraised Target: Land No. 802, 803,
 and 804, Peipi Section, Tucheng District, New Taipei City. Unit Price:
 688,200 per ping)
 (3) Appraisal Amount Based on Area of the Transacted Land: NT$560,277,384
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 for an appraisal report not been obtained:Not Applicable
15.Broker and broker's fee:No
16.Concrete purpose or use of the acquisition or disposal:
 Primary business item.
17.Do the directors have any objection to the present transaction?:
 Not Applicable.
18.Any other matters that need to be specified:None

HUANAN Financial Holding Co. Ltd. published this content on 11 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 July 2017 08:24:06 UTC.

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Financials (TWD)
Sales 2019 47 457 M
EBIT 2019 20 707 M
Net income 2019 16 104 M
Debt 2019 -
Yield 2019 3,07%
P/E ratio 2019 16,3x
P/E ratio 2020 16,1x
Capi. / Sales2019 5,55x
Capi. / Sales2020 5,28x
Capitalization 264 B
Chart HUA NAN FINANCIAL HOLDINGS CO., LTD.
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Income Statement Evolution
Consensus
Sell
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Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 15,90  TWD
Last Close Price 21,65  TWD
Spread / Highest target -26,1%
Spread / Average Target -26,6%
Spread / Lowest Target -27,0%
EPS Revisions
Managers
NameTitle
Pau Chu Lo President, General Manager & Director
Yun Peng Chang Chairman
Ping Hui Chang Head-Finance & Accounting
Wen Tsung Tu Director-Information Technology
An Lan Hsu Chen Director