[Sin-Yi] Announcement on Behalf of Subsidiary Regarding Participation in Real Estate Development Project
Sin-Yi announced that its wholly-owned subsidiary, Sin-Yi Development, plans to participate in real estate development projects in the Shuangbei area (Taipei and New Taipei City), with a total construction cost not exceeding NT$3.5 billion. Chairman Chou Chun-Chi is authorized to handle negotiations and contracts.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 09:00
- 🔍 Collected: April 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 29, 2026 at 08:31 (30 min after Collected)
1. Date of occurrence of the event: 2026/04/28
2. Company name: Sin-Yi Development Co., Ltd.
3. Relationship with the company (please enter "this company" or "subsidiary"): Subsidiary
4. Mutual shareholding ratio: 100% direct ownership
5. Reason for occurrence: To develop real estate development business, Sin-Yi Development Co., Ltd. (hereinafter referred to as Sin-Yi Development), a 100% owned subsidiary of our company, plans to engage in joint construction (including urban renewal, etc.) with others or participate in government bids in the Shuangbei (Taipei and New Taipei City) area. It is hereby agreed to authorize Chairman Chou Chun-Chi of Sin-Yi Development to fully handle negotiations with others regarding possible real estate development investment projects or bidding conditions and contract matters, provided that the total construction cost of the entire project does not exceed NT$3.5 billion.
6. Countermeasures: None
7. Other matters that should be specified (If the subject of the event or resolution is a public offering company or above, this material information simultaneously complies with the provisions of Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act concerning matters that have a significant impact on shareholders' equity or securities prices): Relevant information such as transaction conditions will be announced separately after confirmation.
2. Company name: Sin-Yi Development Co., Ltd.
3. Relationship with the company (please enter "this company" or "subsidiary"): Subsidiary
4. Mutual shareholding ratio: 100% direct ownership
5. Reason for occurrence: To develop real estate development business, Sin-Yi Development Co., Ltd. (hereinafter referred to as Sin-Yi Development), a 100% owned subsidiary of our company, plans to engage in joint construction (including urban renewal, etc.) with others or participate in government bids in the Shuangbei (Taipei and New Taipei City) area. It is hereby agreed to authorize Chairman Chou Chun-Chi of Sin-Yi Development to fully handle negotiations with others regarding possible real estate development investment projects or bidding conditions and contract matters, provided that the total construction cost of the entire project does not exceed NT$3.5 billion.
6. Countermeasures: None
7. Other matters that should be specified (If the subject of the event or resolution is a public offering company or above, this material information simultaneously complies with the provisions of Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act concerning matters that have a significant impact on shareholders' equity or securities prices): Relevant information such as transaction conditions will be announced separately after confirmation.