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First Financial Holding Co. Ltd.

10/27/2021 | Press release | Distributed by Public on 10/27/2021 03:25

Announcement on behalf of subsidiary FSITC for the acquisition of right-of-use assets of real estate from a related party (Taichung).

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Provided by: First Financial Holding Co. Ltd.
SEQ_NO 2 Date of announcement 2021/10/27 Time of announcement 17:19:11
Subject
 Announcement on behalf of subsidiary FSITC for
the acquisition of right-of-use assets of real estate
from a related party (Taichung).
Date of events 2021/10/27 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):
11F,No.144,Sec 1,Ziyou Rd,Taichung City
2.Date of occurrence of the event:2021/10/27~2021/10/27
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
(1)Transaction volume:294.5square meters,equivalent to 89.1 ping
(2)Unit price�GNT$480 per ping per month, NT$44,028 per month(including
parking spaces)
(3)Total transaction price:NT$1,548,928
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):
(1)Trading counterparty:First Commercial Bank Co.,Ltd.
(2)Relationship with the Company:A 100% owned subsidiary of
First Financial Holding Co., Ltd.
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:
(1)The reason for choosing the related party as trading counterpart:
To renew the lease contract.
(2)Previous owner:Built by First Commercial Bank Co.,Ltd.(related party).
(3)Relationship with the company and the trading counterpart:
A 100% owned subsidiary of First Financial Holding Co., Ltd.
(4)Previous date and monetary amount of transfer�G1994/07/05 and
NT$4,006,000
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:
(1)Terms of payment:NT$44,028(including parking spaces) monthly.
(2)Payment period:2021/12/1~2024/11/30
(3)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:
(1)The manner of deciding on this transaction:negotiation based on market
conditions.
(2)The reference basis for the decision on price:Refer to the lease price
in the neighborhood.
(3)Decision-making unit: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:Not applicable
18.Name of the CPA:Not applicable
19.Practice certificate number of the CPA:Not applicable
20.Broker and broker's fee:Not applicable
21.Concrete purpose or use of the acquisition or disposal:
For Business Operation.
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:2021/10/27
25.Date of ratification by supervisors or approval by
the audit committee:2021/10/27
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