Today's Information |
Provided by: CATHAY FINANCIAL HOLDING CO., LTD. | |||||
SEQ_NO | 4 | Date of announcement | 2022/07/26 | Time of announcement | 21:07:47 |
Subject | Announced by Cathay Financial Holdings to acquire the right-of-use 1 assets from related parties. | ||||
Date of events | 2022/07/26 | 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): Logistic Republic (Taichung Wuri Park) lease number [3D-4] .,No.299, Gaotie 1st Rd., Wuri Dist., Taichung City 2.Date of occurrence of the event:2022/07/26 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: The right-of-use asset information is as follows: 63P'ing、Unit price-right-of-use : NTD 727/P'ing、Asset amount of right-of-use: NTD 1,003,510. 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: ALLY LOGISTIC PROPERTY CO., LTD. Relationship with the company: Third Parties Having a Related Interest 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: According of requirement of operation management The identity of the previous owner: Cathay Life Insurance Co., Ltd. Relationship with the company: Related parties. The identity of the previous owner and the trading counterparty: Related parties. The previous date: March, 2015. The transfer amount: NTD 2,832,330,688. 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: Payment period: 2022/10/01-2024/6/30 with total amount of NTD 1,003,510. Restrictive covenants in the contract, and other important terms and conditions: None. 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: The manner of deciding on this transaction is following the results of price negotiation with counterparties. The reference basis for the opinion on its reasonableness of accounting. The decision-making unit is following by the internal management regulations of management department authorizes by the board of directors. 10.Name of the professional appraisal firm or company and its appraisal price: Not applicable. 11.Name of the professional appraiser: Not applicable. 12.Practice certificate number of the professional appraiser: Not applicable. 13.The appraisal report has a limited price, specific price, or special price: Not applicable. 14.An appraisal report has not yet been obtained: Not applicable. 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: WeTec International CPAs 18.Name of the CPA: LAI,MING-YANG 19.Practice certificate number of the CPA: Number 2123. 20.Broker and broker's fee: Not applicable. 21.Concrete purpose or use of the acquisition or disposal: This acquisition of the righ-of-use assets is self-business operation needs only. 22.Any dissenting opinions of directors to the present transaction:None. 23.Whether the counterparty of the current transaction is a related party: Yes. 24.Date of the board of directors resolution: Not applicable. 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: Yes. 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:None |
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Cathay Financial Holding Co. Ltd. published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 13:18:05 UTC.