Announced by Cathay Financial Holdings, on behalf of Cathay United Bank, acquisition of the real estate.
2007-04-10
1.Name and nature of the subject matter (e.g.land located at
Sublot XX, Lot XX, North District, Taichung City):Land located at No.17-27,
Sublot Wucheng, Lot Ankeng, Xindian City, Taipei County, Taiwan.
2.Date of the occurrence of the event:2007/04/10
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
unit price, total transaction price:Land：NT$ 67,100,772 for 1579.05 p'ing.
(NT$ 42,494 per p'ing)(the related party accounts for NT$19,534,454)
4.Counterparty to the trade and its relationship with the company (if
the trading counterpart is a natural person and is not an actual
related
party of the Company, the name of the trading counterpart is not
required to be disclosed):The trading counterpart:There are 3 people who
are managers of the Bank.Peggy Wang is chairperson of the subsidiary under
the same financial holding company.There are 8 people who are the staff of
the Bank. The rest of 25 people are former staff who either retired or
resigned from the bank.
5.Where the counterpart to the trade is an actual related party, a
public announcement shall also include the reason for choosing the
related party as trading counterpart and the identity of the
previous owner (including its relationship with the company and
the trading counterpart), price of transfer and the date of
acquisition:Reason for the trade: To dissolve the construction contract on
“Shih-Hua Hills”, and to repossess the land pursuant to mediation.
The previous owner: There are 4 people including Jyun-Nan Lin.
Price of transfer: NT$333,558,106／9,566.9 p'ing ( NT$34,866 per p'ing)
Date of acquisition: 1996/02
6.Where a person who owned the property within the past five years has
been an actual related person of the company, a public announcement
shall also include the dates and prices of acquisition and disposal
by the related person and the person’s relationship to the company
at those times: N/A
7.Anticipated loss or profit from the disposal (not applicable in cases
of acquisition of assets) (where originally deferred, the status or
recognition shall be stated and explained): N/A
8.Terms of delivery or payment (including payment period and monetary
amount):The two parties mediate a dispute in court, and the payment will be
processed pursuant to the Mediation Certificate and paid in installments.
9.The manner of deciding on this transaction (such as tender invitation
, price comparison, or price negotiation), the reference basis for the
decision on price and the decision-making department:The price was approved
by the board of directors and the transaction was performed
pursuant to mediation.
10.Name of the professional appraisal institution and its appraisal
amount:1. Top Real Estate Appraisal Co., Ltd ,2. NT$ 39,839 per p'ing
11.Reason for any significant discrepancy with the transaction amount,
and opinion of the certifying CPA:N/A
12.Is the appraisal report price a limited price or specific price?:No
13.Has an appraisal report not yet been obtained?:No
14.Reason an appraisal report has not yet been obtained:N/A
15.Broker and broker's fee:N/A
16.Concrete purpose or use of the acquisition or disposition:To dissolve the
construction contract on “Shih-Hua Hills”and return the payment pursuant to
mediation. The acquired land will be disposed within a specified period
of time.
17.Do the directors have any objection to the present transaction?:No
18.Any other matters that need to be specified: N/A
