Announcement on the Acquisition of Right-of-Use Asset for Real Estate from a Related Party by Important Subsidiary Megata Ltd.
2024.08.29
Announcement on the Acquisition of Right-of-Use Asset for Real Estate from a Related Party by Important Subsidiary Megata Ltd.
- Name and Nature of the Subject Matter (e.g., land located at XX Section, XX Subsection, North District, Taichung City): 5th Floor, No. 360, Jianxing Road, North District, Taichung City, Taiwan
- Date of Occurrence: August 29, 2024
- Transaction Unit Quantity (e.g., XX square meters, equivalent to XX ping), Unit Price, and Total Transaction Amount:
- Leased Area: Approximately 216.4 ping
- Unit Price: NT$1,386 per ping per month (tax excluded)
- Monthly Rental Fee: NT$300,000 (tax excluded)
- Total Transaction Amount for Right-of-Use Asset: NT$17,268,283 (tax excluded)
- Counterparty and Its Relationship with the Company (If the counterparty is a natural person and not a related party of the company, the name may be omitted):
- Counterparty: Xiang Shang Games Co.,Ltd.
- Relationship with the Company: Substantive related party
- If the counterparty is a related party, the reasons for selecting the related party as the counterparty, the previous owner of the property, the relationship between the previous owner and the company and the counterparty, the date of the previous transfer, and the transaction amount of the previous transfer:
- Reason for Selecting the Related Party as the Counterparty: Based on overall cost and business planning considerations. (The original lease will expire on September 15, 2024, and the lease will be renewed under the original terms.)
- Previous Owner of the Property: Xiang Shang Games Co.,Ltd. acquired the property from an unrelated party in 2013.
- If the owner of the subject property within the last five years was a related party of the company, disclose the acquisition and disposal dates, prices, and the relationship with the company at the time of the transaction: Xiang Shang Games Co.,Ltd. acquired the property from an unrelated party in 2013.
- Estimated Disposal Gain (or Loss) (Not applicable for asset acquisitions; deferred amounts should be explained separately): Not applicable
- Terms of Delivery or Payment (including payment period and amount), Contractual Restrictions, and Other Important Terms:
- Payment Terms: NT$300,000 per month (tax excluded) for a total lease period of 5 years (September 16, 2024, to September 15, 2029)
- Restrictions: None
- Other Important Terms:
- The rental fee includes related costs for the use of the property, such as management fees, utilities, internet, taxes, and telephone fees, which are all borne by the lessor.
- The lessor is responsible for repairs in the event of damage to the property or its attached equipment.
- Decision Method for This Transaction (e.g., tender, competitive bidding, or negotiation), Basis for Price Determination, and Decision-Making Unit:
- Basis for Price Determination: Reference to market rental rates in the surrounding area. (The original lease will expire on September 15, 2024, and the lease will be renewed under the original terms.)
- Name of the Professional Appraisal Firm or Company and the Appraised Amount: Not applicable
- Name of the Professional Appraiser: Not applicable
- Professional Appraiser’s License Number: Not applicable
- Whether the Valuation Report is a Limited, Specific, or Special Price: No / Not applicable
- Whether the Valuation Report has not been obtained: No / Not applicable
- Reason for Not Obtaining a Valuation Report: Not applicable
- If there is a significant discrepancy in the valuation result, explain the reasons and provide the accountant's opinion: Not applicable
- Name of the Accountant's Firm: Not applicable
- Name of the Accountant: Not applicable
- Accountant's License Number: Not applicable
- Broker and Brokerage Fee: Not applicable
- Specific Purpose or Use for the Acquisition or Disposal: Based on overall cost and business planning considerations.
- Opinion of the Directors Who Expressed Objections to This Transaction: None
- Whether This Transaction is a Related Party Transaction: Yes
- Date of Board of Directors' Approval: August 29, 2024
- Date of Supervisors’ Acknowledgment or Audit Committee’s Consent: August 29, 2024
- Whether This Transaction Involves the Acquisition of Real Estate or Right-of-Use Assets from a Related Party: Yes
- Price Evaluated According to Article 16 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies": Not applicable
- If the Evaluated Price is Lower than the Transaction Price, the Price Evaluated According to Article 17 of the Same Regulations: Not applicable
- Other Matters to be Stated: None
Further Reading
Our company has been invited to participate in the institutional investor conference organized by Yuanta Securities
2024.11.28
Our company has been invited to participate in the institutional investor conference organized by Yuanta Securities
2024.11.28
Announcement of Change in Business Location of the Company's Shareholder Services Agent
2024.11.20
Announcement of Change in Business Location of the Company's Shareholder Services Agent
2024.11.20
The Board of Directors approved 2024 Third Quarter consolidated financial statements
2024.11.11
The Board of Directors approved 2024 Third Quarter consolidated financial statements
2024.11.11