【KGI Fund】Announcement by Subsidiary KGI Life Regarding Adjustment to Huan Ya Building Urban Renewal Plan
KGI Fund's subsidiary, KGI Life, announced an adjustment to the Huan Ya Building urban renewal plan. The distributable value of the entire building after renewal has been revised to approximately NT$108.87 billion, with no reported financial impact on the company.
📋 Article Processing Timeline
- 📰 Published: April 23, 2026 at 09:00
- 🔍 Collected: April 24, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 24, 2026 at 08:14 (14 min after Collected)
1. Original Announcement Date: 113/08/15 (August 15, 2024)
2. Brief Description of Original Announcement: The company's Huan Ya Building urban renewal project, with the company's equity ratio of 4.0763%, submitted an urban renewal business plan and rights exchange plan application to the competent authority. Before urban renewal, the total market value of the company's real estate was NT$2,040,933,296; after urban renewal, the distributable value of the entire Huan Ya Building was NT$110,310,204,430 (including the company's estimated capital contribution of approximately NT$1,064,000,000). The company will be allocated according to the aforementioned ratio after renewal, subject to government approval.
3. Reason for Change and Main Content: Due to plan adjustments, the distributable value of the entire Huan Ya Building after urban renewal has been adjusted to NT$108,873,205,960 (including the company's estimated capital contribution of approximately NT$1,056,000,000). The company will adjust the difference in price while maintaining the original selection units, subject to government approval.
4. Impact of Change on Company's Financial and Business Operations: None.
5. Other Matters to be Specified: DTZ Debenham Tie Leung Real Estate Appraisers assessed and adjusted the maximum distributable value of the entire Huan Ya Building after urban renewal to NT$108,873,205,960. Therefore, this case uses its appraisal result as a reference. The valuations from the other two appraisal firms were NT$106,336,828,730 by Chan Chi Real Estate Appraisers and NT$103,011,557,864 by Shang Shang Real Estate Appraisers Joint Office.
2. Brief Description of Original Announcement: The company's Huan Ya Building urban renewal project, with the company's equity ratio of 4.0763%, submitted an urban renewal business plan and rights exchange plan application to the competent authority. Before urban renewal, the total market value of the company's real estate was NT$2,040,933,296; after urban renewal, the distributable value of the entire Huan Ya Building was NT$110,310,204,430 (including the company's estimated capital contribution of approximately NT$1,064,000,000). The company will be allocated according to the aforementioned ratio after renewal, subject to government approval.
3. Reason for Change and Main Content: Due to plan adjustments, the distributable value of the entire Huan Ya Building after urban renewal has been adjusted to NT$108,873,205,960 (including the company's estimated capital contribution of approximately NT$1,056,000,000). The company will adjust the difference in price while maintaining the original selection units, subject to government approval.
4. Impact of Change on Company's Financial and Business Operations: None.
5. Other Matters to be Specified: DTZ Debenham Tie Leung Real Estate Appraisers assessed and adjusted the maximum distributable value of the entire Huan Ya Building after urban renewal to NT$108,873,205,960. Therefore, this case uses its appraisal result as a reference. The valuations from the other two appraisal firms were NT$106,336,828,730 by Chan Chi Real Estate Appraisers and NT$103,011,557,864 by Shang Shang Real Estate Appraisers Joint Office.