L&K Engineering: Announcement of Board Approval for Singapore Branch to Acquire Long-Term Usage Rights for Overseas Real Estate (Land and Buildings)
L&K Engineering's Board of Directors approved its Singapore branch's acquisition of long-term usage rights for land and buildings in Singapore for SGD 21,473,000 (approx. NT$516.64 million). Valid until August 16, 2041, this move is to meet operational needs.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 08:57 (57 min after Collected)
1. Name and nature of the target property (e.g., land parcel XX, section XX, subdivision XX, in Beitun District, Taichung City): 3 Senoko Link Singapore 758183
2. Date of occurrence of the event: 2026/5/8~2026/5/8
3. Date of Board of Directors' approval: May 8, 2026 (Republic of China Calendar Year 115)
4. Other approval dates: Not applicable
5. Quantity of transaction unit (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
The property covers approximately 5,005.90 square meters (approx. 1,514.28 ping)
Total floor area approximately 10,267.69 square meters (approx. 3,105.98 ping)
Total transaction amount: SGD 19,700,000 (excl. tax) + SGD 1,773,000 (9% GST) = SGD 21,473,000
(approx. NT$516,640,380)
6. Counterparty to the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Counterparty: WING TUCK ENGINEERING PTE. LTD.
Counterparty: Non-related party
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner, the company, and the counterparty, the date of previous transfer, and the transfer amount shall also be announced:
Not applicable
8. If the ownership of the transaction object within the past five years has been a related party of the company, the date of acquisition and disposal, price, and relationship with the company at the time of transaction of the related party shall also be announced:
Not applicable
9. Estimated disposal profit (or loss) (not applicable for asset acquisition) (deferred items should be listed with recognition status):
Not applicable
10. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements:
As agreed upon in the contract signed by both buyer and seller
11. Method of determining this transaction (e.g., bidding, price comparison, or negotiation), basis for price determination, and decision-making unit:
Method of determining this transaction: Negotiation
Basis for price determination: Reference to market conditions and appraisal report from real estate appraiser
Decision-making unit: Board of Directors
12. Appraiser's office or company name and appraisal amount:
Appraisal institution: GB GLOBAL CONSULTANCY PTE LTD
Appraisal amount: SGD 20,000,000 (excl. tax), approx. NT$481,200,000
13. Appraiser's name: Yick E-Ling
14. Appraiser's license number: No. AD041-2009922C
15. Is the appraisal report for a limited price, specific price, or special price: No or Not applicable
16. Has the appraisal report not yet been obtained: No or Not applicable
17. Reason for not yet obtaining the appraisal report: Not applicable
18. If there is a significant difference in the appraisal results, the reason for the difference and the auditor's opinion:
Not applicable
19. Accounting firm name: Not applicable
20. Accountant's name: Not applicable
21. Accountant's license number: Not applicable
22. Broker and brokerage fees:
Brokerage agent: ERA REALTY NETWORK PTE LTD.
Brokerage fee: SGD $197,000, 1% of total purchase price.
23. Specific purpose or use of acquisition or disposal: Operational needs
24. Opinions of directors who dissented from this transaction: None
25. Is this transaction a related party transaction: No
26. Date of supervisor's approval or audit committee's consent: Not applicable
27. Is this transaction for acquiring real estate or its right-of-use assets from a related party: No
28. Price evaluated according to Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies": Not applicable
29. If the price evaluated in the preceding item is lower than the transaction price, the price evaluated according to Article 17 of the same regulations: Not applicable
30. Date of previous material information announcement for the same event: Not applicable
31. Other matters that should be specified:
1. Exchange rate for total purchase price conversion: 1 Singapore Dollar = 24.06 New Taiwan Dollars (calculated based on the TWD to SGD exchange rate of 0.041558 published by UOB Singapore on April 27, 2026)
2. Usage period until August 16, 2041 (approx. 15 years and 3 months)
2. Date of occurrence of the event: 2026/5/8~2026/5/8
3. Date of Board of Directors' approval: May 8, 2026 (Republic of China Calendar Year 115)
4. Other approval dates: Not applicable
5. Quantity of transaction unit (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
The property covers approximately 5,005.90 square meters (approx. 1,514.28 ping)
Total floor area approximately 10,267.69 square meters (approx. 3,105.98 ping)
Total transaction amount: SGD 19,700,000 (excl. tax) + SGD 1,773,000 (9% GST) = SGD 21,473,000
(approx. NT$516,640,380)
6. Counterparty to the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Counterparty: WING TUCK ENGINEERING PTE. LTD.
Counterparty: Non-related party
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner, the company, and the counterparty, the date of previous transfer, and the transfer amount shall also be announced:
Not applicable
8. If the ownership of the transaction object within the past five years has been a related party of the company, the date of acquisition and disposal, price, and relationship with the company at the time of transaction of the related party shall also be announced:
Not applicable
9. Estimated disposal profit (or loss) (not applicable for asset acquisition) (deferred items should be listed with recognition status):
Not applicable
10. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements:
As agreed upon in the contract signed by both buyer and seller
11. Method of determining this transaction (e.g., bidding, price comparison, or negotiation), basis for price determination, and decision-making unit:
Method of determining this transaction: Negotiation
Basis for price determination: Reference to market conditions and appraisal report from real estate appraiser
Decision-making unit: Board of Directors
12. Appraiser's office or company name and appraisal amount:
Appraisal institution: GB GLOBAL CONSULTANCY PTE LTD
Appraisal amount: SGD 20,000,000 (excl. tax), approx. NT$481,200,000
13. Appraiser's name: Yick E-Ling
14. Appraiser's license number: No. AD041-2009922C
15. Is the appraisal report for a limited price, specific price, or special price: No or Not applicable
16. Has the appraisal report not yet been obtained: No or Not applicable
17. Reason for not yet obtaining the appraisal report: Not applicable
18. If there is a significant difference in the appraisal results, the reason for the difference and the auditor's opinion:
Not applicable
19. Accounting firm name: Not applicable
20. Accountant's name: Not applicable
21. Accountant's license number: Not applicable
22. Broker and brokerage fees:
Brokerage agent: ERA REALTY NETWORK PTE LTD.
Brokerage fee: SGD $197,000, 1% of total purchase price.
23. Specific purpose or use of acquisition or disposal: Operational needs
24. Opinions of directors who dissented from this transaction: None
25. Is this transaction a related party transaction: No
26. Date of supervisor's approval or audit committee's consent: Not applicable
27. Is this transaction for acquiring real estate or its right-of-use assets from a related party: No
28. Price evaluated according to Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies": Not applicable
29. If the price evaluated in the preceding item is lower than the transaction price, the price evaluated according to Article 17 of the same regulations: Not applicable
30. Date of previous material information announcement for the same event: Not applicable
31. Other matters that should be specified:
1. Exchange rate for total purchase price conversion: 1 Singapore Dollar = 24.06 New Taiwan Dollars (calculated based on the TWD to SGD exchange rate of 0.041558 published by UOB Singapore on April 27, 2026)
2. Usage period until August 16, 2041 (approx. 15 years and 3 months)