Hon Hai sells land and buildings for NTD 358.8 million

Published 01/08/2025, 05:50 PM

TAIPEI – Hon Hai (TW:2317) Precision Industry Co., Ltd. has announced the disposal of various land parcels and buildings through its subsidiary, AnTec Electric System Co., Ltd., in a deal totaling NTD 358.8 million. The transaction took place on Wednesday involving properties located in the Shenkeng District of New Taipei City.

The assets sold include sixteen parcels of land with a combined area of approximately 8,293.91 square meters, and four buildings encompassing about 4,132.40 square meters. The land and buildings were sold to Muzha Haoming enterprise Co., Ltd., which has no reported relationship with Hon Hai.

The transaction was set at NTD 140,618.95 per ping for the land, with a total amount of NTD 352,800,000, and NTD 4,799.80 per ping for the buildings, totaling NTD 6,000,000. The total transaction amount for both land and buildings is NTD 358,800,000.

The sale is expected to result in a disposal gain of approximately NTD 250,437,521 for AnTec Electric System Co., Ltd. The transaction terms, including payment periods and monetary amounts, adhere to the Sale and Purchase Agreement, with the decision on the transaction price based on market conditions and appraisal reports. The price negotiation was decided upon by the company's directors.

The appraisal of the assets was conducted by Zhan-Mao Real Estate Appraisers Firm, with YANG, CHE-HAO as the professional appraiser. The land was appraised at NTD 370,324,594, and the buildings at NTD 3,057,624.

The purpose of the disposal, as stated by the company, is asset revitalization. There were no dissenting opinions from the directors regarding the transaction, and it was not part of a related party transaction. The information provided is based on a press release statement distributed by RNS, the news service of the London Stock Exchange (LON:LSEG).

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.