Sinyi Development Subsidiary Announces Intention to Participate in Real Estate Development Projects
Key facts
- Sinyi Development Subsidiary Announces Intention to Participate in Real Estate Development Projects
- Sinyi Development Co., Ltd., a 100% subsidiary of Sinyi Group, plans to participate in real estate development projects in the Taipei-New Taipei area, including joint developments and urban renewal, or government bidding projects. The chairman will have full authority over negotiations and contracts for projects with total construction costs not exceeding NT$1 billion.
- Source: PR Times
- Date: June 26, 2026
Direct answer
Sinyi Development Co., Ltd., a 100% subsidiary of Sinyi Group, plans to participate in real estate development projects in the Taipei-New Taipei area, including joint developments and urban renewal, or government bidding projects. The chairman will have full authority over negotiations and contracts for projects with total construction costs not exceeding NT$1 billion.
- Citation
- Sinyi Development Subsidiary Announces Intention to Participate in Real Estate Development Projects (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
Sinyi Development Co., Ltd., a 100% subsidiary of Sinyi Group, plans to participate in real estate development projects in the Taipei-New Taipei area, including joint developments and urban renewal, or government bidding projects. The chairman will have full authority over negotiations and contracts for projects with total construction costs not exceeding NT$1 billion.
📋 Article Processing Timeline
- 📰 Published: June 26, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 18:51 (1h 51m after Collected)
1. Date of Event: 115/06/26
2. Company Name: Sinyi Development Co., Ltd.
3. Relationship with Company (please enter 'Company' or 'Subsidiary'): Subsidiary
4. Cross-shareholding Ratio: Directly held 100%
5. Reason for Occurrence: To expand its real estate development business, Sinyi Development Co., Ltd. (hereinafter 'Sinyi Development'), a 100% owned subsidiary of the Company, intends to engage in joint construction projects (including urban renewal) with third parties or participate in government bidding projects in the Taipei-New Taipei (Shuangbei) region. For projects where the total construction cost does not exceed NT$1 billion, the Chairman of Sinyi Development shall have full authority to negotiate terms and sign contracts regarding potential real estate investment projects or bids.
6. Countermeasures: None
7. Other Matters to be Disclosed: If the entity involved in the event or resolution is a publicly issued company or above, this significant information also qualifies as a matter having a material impact on shareholders' rights or securities prices under Article 7, Paragraph 9, Item 9 of the Enforcement Rules of the Securities and Exchange Act. Relevant details such as transaction terms will be announced separately once finalized.
2. Company Name: Sinyi Development Co., Ltd.
3. Relationship with Company (please enter 'Company' or 'Subsidiary'): Subsidiary
4. Cross-shareholding Ratio: Directly held 100%
5. Reason for Occurrence: To expand its real estate development business, Sinyi Development Co., Ltd. (hereinafter 'Sinyi Development'), a 100% owned subsidiary of the Company, intends to engage in joint construction projects (including urban renewal) with third parties or participate in government bidding projects in the Taipei-New Taipei (Shuangbei) region. For projects where the total construction cost does not exceed NT$1 billion, the Chairman of Sinyi Development shall have full authority to negotiate terms and sign contracts regarding potential real estate investment projects or bids.
6. Countermeasures: None
7. Other Matters to be Disclosed: If the entity involved in the event or resolution is a publicly issued company or above, this significant information also qualifies as a matter having a material impact on shareholders' rights or securities prices under Article 7, Paragraph 9, Item 9 of the Enforcement Rules of the Securities and Exchange Act. Relevant details such as transaction terms will be announced separately once finalized.
FAQ
Where will Sinyi Development's projects take place?
Projects are planned in the Shuangbei area, including Taipei City and New Taipei City.
What is the scale of these projects?
Total construction cost per project will not exceed NT$1 billion (approx. USD 32 million).
Who has decision-making authority?
The Chairman of Sinyi Development Co., Ltd. holds full authority over negotiations and contracts.