[CPDC] Board of Directors Approves Disposal of Land Parcel No. 156 in Songshan District, Taipei City by Subsidiary Dingyue Development Co., Ltd., Subject to Shareholder Meeting Review.
China Petrochemical Development Corporation's board approved the sale of land by its subsidiary, Dingyue Development Co., Ltd., in Taipei's Songshan District. This move aims to raise operating funds and repay loans, pending shareholder approval.
📋 Article Processing Timeline
- 📰 Published: April 8, 2026 at 09:00
- 🔍 Collected: April 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 02:57 (234h 57m after Collected)
1. Date of Fact Occurrence: 2026/04/08
2. Company Name: China Petrochemical Development Corporation
3. Relationship with the Company (Enter this Company or Subsidiary): This Company
4. Mutual Shareholding Ratio: Not applicable
5. Reason for Occurrence: Land parcel No. 156, Section 3, Small Section, Xisong Section, Songshan District, Taipei City, owned by Dingyue Development Co., Ltd., is involved in a legal dispute regarding plot ratio incentives. The company plans to sell it based on a plot ratio of 728% after actively communicating with relevant parties and seeking legal and reasonable solutions.
6. Countermeasures: None.
7. Other Matters to be Noted (If the subject of the event or resolution is a publicly issued company or above, and this major information conforms to the provisions of Article 7, Paragraph 9 of the Regulations Governing the Enforcement of the Securities Transaction Act, it has a significant impact on shareholder equity or stock prices): If communication is smooth and approved by all relevant parties, Dingyue Development Co., Ltd. intends to sell the land to supplement operating funds and repay financial institution loans, subject to deliberation at the Company's 2026 shareholder meeting.
2. Company Name: China Petrochemical Development Corporation
3. Relationship with the Company (Enter this Company or Subsidiary): This Company
4. Mutual Shareholding Ratio: Not applicable
5. Reason for Occurrence: Land parcel No. 156, Section 3, Small Section, Xisong Section, Songshan District, Taipei City, owned by Dingyue Development Co., Ltd., is involved in a legal dispute regarding plot ratio incentives. The company plans to sell it based on a plot ratio of 728% after actively communicating with relevant parties and seeking legal and reasonable solutions.
6. Countermeasures: None.
7. Other Matters to be Noted (If the subject of the event or resolution is a publicly issued company or above, and this major information conforms to the provisions of Article 7, Paragraph 9 of the Regulations Governing the Enforcement of the Securities Transaction Act, it has a significant impact on shareholder equity or stock prices): If communication is smooth and approved by all relevant parties, Dingyue Development Co., Ltd. intends to sell the land to supplement operating funds and repay financial institution loans, subject to deliberation at the Company's 2026 shareholder meeting.