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    2207   TW0002207008

HOTAI MOTOR CO.,LTD.

(2207)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Hotai motor announces on behalf of subsidiary Hotai Leasing Co., Ltd. on acquisition of right-of-use asset.

11/04/2021 | 04:02am EST
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Today's Information

Provided by: HOTAI MOTOR CO.,LTD.
SEQ_NO 2 Date of announcement 2021/11/04 Time of announcement 16:41:10
Subject
 Hotai motor announces on behalf of subsidiary Hotai
Leasing Co., Ltd. on acquisition of right-of-use asset.
Date of events 2021/11/04 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):
Basement parking spaces and Office on 7F., No. 121, Sung Chiang Road,
Taipei City.
2.Date of occurrence of the event:2021/11/04
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Volume:2 parking spaces and 252.5 of rented pings of office.
Unit price:NT$ 540,433 per month.
Total amount of the right-of-use asset:NT$16,774,681.
Total transaction price:NT$17,184,298.
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):Hoyu Investment Co., Ltd.; the related party of the Company.
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:For business use and to achieve the efficiency of overall planning
of the operation.
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:
1.Basement parking spaces and Office on 7F., No. 121, Sung Chiang Road,
  Taipei City.
(1)Terms of payment:the rent is NT$379,775, paid monthly.
(2)Payment period:2022/01/01~2024/08/15.
2.Office on 7F., No. 121, Sung Chiang Road, Taipei City.
  (Increase rental space)
(1)Terms of payment:the rent is NT$160,658, paid monthly.
(2)Payment period:2021/12/01~2024/08/15.
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)Price negotiation in accordance to market rental survey.
(2)The decisition-making department:Approved by board of director meetings.
10.Name of the professional appraisal firm or company and
its appraisal price:NA
11.Name of the professional appraiser:NA
12.Practice certificate number of the professional appraiser:NA
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:NA
21.Concrete purpose or use of the acquisition or disposal:
For office business place.
22.Any dissenting opinions of directors to the present transaction:NA
23.Whether the counterparty of the current transaction is a
related party:YES
24.Date of the board of directors resolution:2021/11/04
25.Date of ratification by supervisors or approval by
the audit committee:2021/11/04
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: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

Hotai Motor Co. Ltd. published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 09:01:05 UTC.


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Financials
Sales 2021 264 B 9 558 M 9 558 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 330 B 11 939 M 11 929 M
Capi. / Sales 2021 1,25x
Capi. / Sales 2022 1,18x
Nbr of Employees -
Free-Float -
Chart HOTAI MOTOR CO.,LTD.
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Technical analysis trends HOTAI MOTOR CO.,LTD.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 604,00 TWD
Average target price 620,00 TWD
Spread / Average Target 2,65%
Managers and Directors
Chun Hsing Su General Manager & Director
Chun Chien Yue Head-Finance
Nan Kuang Huang Chairman
Chi Jhen Chen Independent Director
Chin Huo Su Independent Director
Sector and Competitors