Gloria Material Technology : Represent subsidiary Zhejiang Jiaxing Shiang Yang Metal Material Technology Co., Ltd. to announce the Board resolution of disposal of land and buildings.
Represent subsidiary Zhejiang Jiaxing Shiang Yang
Metal Material Technology Co., Ltd. to announce the Board
resolution of disposal of land and buildings.
Date of events
2022/06/30
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 and building located at No.128, Shuguang Road, Jiaxing economic and
technological development zone,Zhejiang.
2.Date of the occurrence of the event:2022/06/30
3.Transaction unit amount (e.g.XX square meters, equivalent
to XX ping), unit price, and total transaction price:
Transaction amount:
Land:46,494.2 square meters
Building:26,054.14 square meters
total transaction price: RMB132,500 thousands
4.Trading counterparty and its relationship to 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):
Trading counterparty: Zhejiang xinghui Industry Co.,Ltd.
Relationship with the Company: None
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 value 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 to 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):
The expected disposal benefit will be RMB 72,811 thousands.
8.Terms of delivery or payment (including payment period
and monetary value), restrictive covenants in the contract,
and other important terms and conditions:
According to the asset transfer agreement.
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 department:
The manner of deciding on this transaction: approved by board of directors.
the reference basis for the decision on price:Real Property Valuation Report
and price negotiation.
10.Name of the professional appraisal firm or company
and its appraisal price:
Ho Chan Real estate appraisal Co.,Ltd.
appraisal price:RMB 106,740 thousands.
11.Name of the professional appraiser:
Appraiser: Zhang Hai-Feng,Xu Hui Jun
12.Practice certificate number of the professional
appraiser:
Zhang Hai-Feng(3320150042),Xu Hui Jun(3320050034)
13.The appraisal report has a limited price, specific
price, or special price:NO
14.An appraisal report has not yet been obtained:NO
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:
Compulsory acquisition
22.Any dissenting opinions of directors to the present
transaction:None
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:NA
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Gloria Material Technology Corp. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 09:21:10 UTC.
Gloria Material Technology Corp is a Taiwan-based company principally engaged in the manufacturing and distribution of special steel materials. The Company provides steel products, including carbon steel, special steel, alloy steel, super alloy and titanium alloy; steel manufacturing equipment, including steel-smelting equipment, forging equipment, roll milling equipment, finishing equipment and components, as well as vehicle components, nuclear power generation equipment and aerospace components, among others. The Company is also involved in the provision of related engineering consulting services, the manufacture and distribution of steel structures, as well as products and raw materials import and export trading. The Company distributes its products in domestic and foreign markets.
Gloria Material Technology : Represent subsidiary Zhejiang Jiaxing Shiang Yang Metal Material Technology Co., Ltd. to announce the Board resolution of disposal of land and buildings.
GLORIA MATERIAL TECHNOLOGY CORP. 
