Financial Holdings, on behalf of Cathay United Bank,Ltd, announce that sale of real estate.
2008-04-07
1.Name and nature of the subject matter (e.g.land located at
Sublot XX, Lot XX, North District, Taichung City):NO.33, Lane 221, Gangcian
Rd. Neihu District ,Taipei
2.Date of the occurrence of the event:2008/04/07
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
unit price, total transaction price:Total transaction volume:Around NT$1.05
Billion
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):Total transaction volume:(1) Not Applicable
(2) No relationship with the company
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:Not Applicable
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:Not Applicable
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):Not Applicable
8.Terms of delivery or payment (including payment period and monetary
amount):Payment will be processed pursuant to contract terms
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:(1) Negotiated price
(2) Board of Directors
10.Name of the professional appraisal institution and its appraisal
amount:(1) CCIS REAL ESTATE JOINTED APPRAISERS FIRM
(2) Around NT$0.99 Billion
11.Reason for any significant discrepancy with the transaction amount,
and opinion of the certifying CPA:NO
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:Not Applicable
15.Broker and broker's fee:(1) CATHAY CENTURY REALTY
(2) Around NT$10.5 Million
16.Concrete purpose or use of the acquisition or disposition:The sale
of the collateral under.
17.Do the directors have any objection to the present transaction?:NO
18.Any other matters that need to be specified:Has been obtained an
appraisal report