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).
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