- Home
- Corporate Governance
- News & Events
- Material Information
- Announcement on behalf of subsidiary Jiu Xin Estate (Wuxi) Ltd. on acquisition of real property from the other subsidiary.
2023-01-18
Back to list
Announcement on behalf of subsidiary Jiu Xin Estate (Wuxi) Ltd. on acquisition of real property from the other subsidiary.
Subject：Announcement on behalf of subsidiary Jiu Xin Estate (Wuxi) Ltd. on acquisition of real property from the other subsidiary.
To which item it meets：paragraph 20
Date of events： 2023/1/18
Statement：
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):Room 2101, Building 2, Oriental Gate Building, No. 199 Xinggang Street, Suzhou Industrial Park, Suzhou City.
2.Date of occurrence of the event:2023/01/18
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:2,035 square meters; unit price:33,207 per square meter; total price:RMB 67,580,000(tax included).
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): Suzhou Sinyi Real Estate Inc., the Company's 100% indirectly owned subsidiary.
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:the reason for choosing the related party as trading counterparty: The reason for selecting the related party as the transaction object: based on the consideration of the overall planning of the group's funds Last transferred owner: Suzhou Qianning Real Estate Co., Ltd. The relationship between the owner of the previous transfer and the Company and the counterparty of the transaction: none Last transfer date: 2017/11/28 Last transfer amount: RMB49,130,000
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: not applicable.
7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):the projected gain will be RMB 21,838 thousand. And it will be deferred since the counterparties are both the Company's 100% owned subsidiaries.
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:pay 30% of the total price as the contract was signed; the remaining will be paid once the ownership has been transferred. restrictive covenants:none other important terms: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:price negotiation the reference basis:valuation report the decision-making unit:Board of directors of the Company.
10.Name of the professional appraisal firm or company and its appraisal price:Suzhou Yonglianxing Land and Real Estate Appraisal Co., Ltd.
11.Name of the professional appraiser:Mr.Yin Guo-Ping; Ms.Yen Fen
12.Practice certificate number of the professional appraiser: Mr.Yin Guo-Ping:3220150076 Ms.Yen Fen:32201760116
13.The appraisal report has a limited price, specific price, or special price:no.
14.An appraisal report has not yet been obtained:not applicable.
15.Reason for an appraisal report not being obtained:not applicable. 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:not applicable.
17.Name of the CPA firm:not applicable.
18.Name of the CPA:not applicable.
19.Practice certificate number of the CPA:not applicable.
20.Broker and broker's fee:not applicable.
21.Concrete purpose or use of the acquisition or disposal: To revitalize the assets and facilitate the use of capital.
22.Any dissenting opinions of directors to the present transaction:none.
23.Whether the counterparty of the current transaction is a related party:yes
24.Date of the board of directors resolution:2023/01/18
25.Date of ratification by supervisors or approval by the audit committee:2023/01/18
26.The transaction is to acquire a real property or right-of-use asset from a related party:yes
27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies:not applicable
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:not applicable
29.Any other matters that need to be specified:none.
To which item it meets：paragraph 20
Date of events： 2023/1/18
Statement：
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):Room 2101, Building 2, Oriental Gate Building, No. 199 Xinggang Street, Suzhou Industrial Park, Suzhou City.
2.Date of occurrence of the event:2023/01/18
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:2,035 square meters; unit price:33,207 per square meter; total price:RMB 67,580,000(tax included).
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): Suzhou Sinyi Real Estate Inc., the Company's 100% indirectly owned subsidiary.
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:the reason for choosing the related party as trading counterparty: The reason for selecting the related party as the transaction object: based on the consideration of the overall planning of the group's funds Last transferred owner: Suzhou Qianning Real Estate Co., Ltd. The relationship between the owner of the previous transfer and the Company and the counterparty of the transaction: none Last transfer date: 2017/11/28 Last transfer amount: RMB49,130,000
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: not applicable.
7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):the projected gain will be RMB 21,838 thousand. And it will be deferred since the counterparties are both the Company's 100% owned subsidiaries.
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:pay 30% of the total price as the contract was signed; the remaining will be paid once the ownership has been transferred. restrictive covenants:none other important terms: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:price negotiation the reference basis:valuation report the decision-making unit:Board of directors of the Company.
10.Name of the professional appraisal firm or company and its appraisal price:Suzhou Yonglianxing Land and Real Estate Appraisal Co., Ltd.
11.Name of the professional appraiser:Mr.Yin Guo-Ping; Ms.Yen Fen
12.Practice certificate number of the professional appraiser: Mr.Yin Guo-Ping:3220150076 Ms.Yen Fen:32201760116
13.The appraisal report has a limited price, specific price, or special price:no.
14.An appraisal report has not yet been obtained:not applicable.
15.Reason for an appraisal report not being obtained:not applicable. 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:not applicable.
17.Name of the CPA firm:not applicable.
18.Name of the CPA:not applicable.
19.Practice certificate number of the CPA:not applicable.
20.Broker and broker's fee:not applicable.
21.Concrete purpose or use of the acquisition or disposal: To revitalize the assets and facilitate the use of capital.
22.Any dissenting opinions of directors to the present transaction:none.
23.Whether the counterparty of the current transaction is a related party:yes
24.Date of the board of directors resolution:2023/01/18
25.Date of ratification by supervisors or approval by the audit committee:2023/01/18
26.The transaction is to acquire a real property or right-of-use asset from a related party:yes
27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies:not applicable
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:not applicable
29.Any other matters that need to be specified:none.