Taiwan Cooperative Financial : On behalf of subsidiary TCB to announce the BOD has approved to issue the consent letter of urban renewal business plan implemented by Kindom Development Co., Ltd.

Close

Today's Information

Provided by: Taiwan Cooperative Financial Holding Co.,Ltd.
SEQ_NO	6	Date of announcement	2022/06/27	Time of announcement	19:32:49
Subject	On behalf of subsidiary TCB to announce the BOD has approved to issue the consent letter of urban renewal business plan implemented by Kindom Development Co., Ltd.
Date of events	2022/06/27	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):Land No.469, Fuzhong Section, Banqiao District, New Taipei City 2.Date of occurrence of the event:2022/06/27 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: 256.82ping Unit price:NT$2,070,854.71/ping Total transaction price:NT$531,836,907 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):Trading counterparty:Kindom Development 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 amount of transfer:N/A 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:N/A 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):N/A 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Terms of delivery or payment:in accordance with the Urban Renewal Business Plan approved by New Taipei City Government Restrictive covenants and other improtant stipulations: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: The manner of deciding on this transaction and the reference basis for the decision on price are according to the Urban Renewal Business Plan approved by New Taipei City Government The decision-making unit:The board of directors 10.Name of the professional appraisal firm or company and its appraisal price: Cushman & Wakefield real estate appraiser: Appraisal amount prior to the renewal:NT$531,836,907 Appraisal amount after the renewal:NT$1,093,704,122 Real Estate Appraiser Real Estate Agent: Appraisal amount prior to the renewal:NT$523,085,407 Appraisal amount after the renewal:NT$1,064,014,666 REPRO INTERNATIONAL APPRAISALS: Appraisal amount prior to the renewal:NT$489,535,806 Appraisal amount after the renewal:NT$1,059,936,980 11.Name of the professional appraiser: Cushman & Wakefield real estate appraiser:YANG, CHANG-TA Real Estate Appraiser Real Estate Agent:Huang Hsiao-Chuan REPRO INTERNATIONAL APPRAISALS:TSAI, YU-HSIANG 12.Practice certificate number of the professional appraiser: Cushman & Wakefield real estate appraiser: (96)Taipei City Appraisal Certificate No.000106 Real Estate Appraiser Real Estate Agent: (99)Hsinchu County Appraisal Certificate No.000003 REPRO INTERNATIONAL APPRAISALS: (107)Taipei City Appraisal Certificate No.000261 13.The appraisal report has a limited price, specific price, or special price:No 14.An appraisal report has not yet been obtained:N/A 15.Reason for an appraisal report not being obtained:N/A 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:N/A 17.Name of the CPA firm:N/A 18.Name of the CPA:N/A 19.Practice certificate number of the CPA:N/A 20.Broker and broker's fee:N/A 21.Concrete purpose or use of the acquisition or disposal: For self-used business premise. 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:N/A 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:N/A 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:N/A 29.Any other matters that need to be specified:N/A