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    2892   TW0002892007

FIRST FINANCIAL HOLDING CO., LTD.

(2892)
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First Financial : Announcement on behalf of First Life Insurance for the acquisition of domestic real estate.

12/20/2021 | 02:40am EDT
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Today's Information

Provided by: First Financial Holding Co. Ltd.
SEQ_NO 1 Date of announcement 2021/12/20 Time of announcement 15:31:34
Subject
 Announcement on behalf of First Life
Insurance for the acquisition of domestic real estate.
Date of events 2021/12/20 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 located at No.25, Sublot 1, Lot Shifu, Datong District, Taipei City.
Building located at 12F., No.62, Nanjing W. Rd., Datong District,
Taipei City and 4 car parks.
2.Date of occurrence of the event:2021/12/20
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Land 109.60 square meters, equivalent to 33.15 ping.
Building 1644.38 square meters, equivalent to 497.42 ping.
Total transaction price:NTD559,880,000
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):Huang Hsiang Construction Corporation; No relationship.
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:NA
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:NA
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):NA
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
First payment:10% of total transaction price.
Second payment:10% of total transaction price.
Third payment:80% of total transaction price.
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:Price negotiation.
The reference basis for the decision on price:Appraisal report and
market value.
The decision-making unit:The board authorizes its chairman to execute
the transaction matters.
10.Name of the professional appraisal firm or company and
its appraisal price:
Colliers International Real Estate Appraisers Joint Firm.
Appraisal price:NTD570,800,000
11.Name of the professional appraiser:KE, FENG-RU
12.Practice certificate number of the professional appraiser:
(103)TCG_NO.000203
13.The appraisal report has a limited price, specific price,
or special price:NA
14.An appraisal report has not yet been obtained:NA
15.Reason for an appraisal report not being obtained:NA
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:NA
17.Name of the CPA firm:NA
18.Name of the CPA:NA
19.Practice certificate number of the CPA:NA
20.Broker and broker's fee:
Haotian International Management Corp
0.8% of total transaction price.
21.Concrete purpose or use of the acquisition or disposal:
Acquire real estate for investment purpose based on Insurance Law.
22.Any dissenting opinions of directors to the present transaction:NA
23.Whether the counterparty of the current transaction is a
related party:NO
24.Date of the board of directors resolution:NA
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:NA
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:NA
29.Any other matters that need to be specified:NONE

Disclaimer

First Financial Holding Co. Ltd. published this content on 20 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 07:39:03 UTC.


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Sales 2022 66 052 M 2 216 M 2 216 M
Net income 2022 22 487 M 754 M 754 M
Net Debt 2022 - - -
P/E ratio 2022 14,8x
Yield 2022 4,48%
Capitalization 333 B 11 177 M 11 177 M
Capi. / Sales 2022 5,04x
Capi. / Sales 2023 4,61x
Nbr of Employees 9 939
Free-Float 79,5%
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Last Close Price 25,60 TWD
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Managers and Directors
Nancy F. L. Chen President & Director
Cheng Pin Li Head-Finance & Accounting
Ye-Chin Chiou Chairman
Hsieh Hsiu-Chen Vice President & Head-Information Technology
Jenn-Hwa wang Chief Compliance Officer & Head-legal