HTC Investors

Printer Friendly Version View printer-friendly version
Announcement for the disposal of land in Taoyuan
1.Name and nature of the subject matter (e.g.land located at 
  Sublot XX, Lot XX, North District, Taichung City): 
Land : A piece of land (lot number 1896) located in Dashulin Section of Taoyuan City. 
2.Date of the occurrence of the event: 2016/05/02
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), 
  unit price, total transaction price: 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): 
Land:44,880 square meters, equivalent to 13,576.2 ping
Total transaction price: NT$2,880,000,000
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): N/A
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: N/A
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: N/A
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): 
Based on total transaction amount of NT$2.88 billion, and after deduction of taxes and other related transaction costs, gain of this disposal is expected to be approximately NT$990 million. 
8.Terms of delivery or payment (including payment period and monetary
  amount), restrictive covenants in the contract, and other important stipulations: According to the contract
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: 
The transaction price was determined through negotiation and was approved by the Board of Directors based on the appraisal report provided by G-Beam Real Estate Appraisers Firm and Yungching Real Estate Appraisers Firm.
10.Name of the professional appraisal institution and its appraisal
   amount: 
G-Beam Real Estate Appraisers Firm and Yungching Real Estate Appraisers Firm have valued the property at NTD 2,851,002,000 and 
NTD 3,095,373,600 respectively.
11.Reason for any significant discrepancy with the transaction amount,
   and opinion of the certifying CPA: N/A
12.Is the appraisal report price a limited price or specific price?: N/A 
13.Has an appraisal report not yet been obtained?: N/A 
14.Reason for an appraisal report not been obtained: N/A
15.Broker and broker's fee: N/A
16.Concrete purpose or use of the acquisition or disposal: 
This is part of our asset rationalization exercise to improve operation efficiency. 
17.Do the directors have any objection to the present transaction?: None
18.Any other matters that need to be specified: None