[Taishin Financial] Taishin Bank Announces Acquisition of Right-of-Use Assets from Shin Kong Life Insurance
Taishin Bank, a subsidiary of Taishin Financial Holdings, has announced the acquisition (lease) of right-of-use assets from related party Shin Kong Life Insurance in Neihu District, Taipei. The property will be used as a warehouse with a three-year lease starting July 2026.
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 09:00
- 🔍 Collected: June 5, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 7, 2026 at 05:34 (45h 33m after Collected)
1. Name and nature of target:
7F-2 and B1-1 to B1-3, No. 189, Jiuzong Rd. Sec. 2, Neihu Dist., Taipei City
2. Fact occurrence date: June 4, 2026
3. Board approval date: June 4, 2026
4. Other decision date: N/A
5. Transaction quantity, unit price, and total amount:
Quantity: 413.94 ping
Unit price: Approx. 860.8 NTD/ping (tax included)
Total amount: 356,318 NTD/month (tax included), total 12,827,448 NTD
Right-of-use asset value: 12,550,904 NTD
6. Counterparty and relationship:
Counterparty: Shin Kong Life Insurance Co., Ltd.
Relationship: Related party
7. Reason for selecting related party and history:
Reason: For warehouse use
History: N/A
8. History of related party ownership in last 5 years: N/A
9. Disposal gain (loss): N/A
10. Payment terms and contractual restrictions:
(1) Lease term: 2026/07/01 - 2029/06/30
(2) Payment terms: Monthly payment
(3) Contractual restrictions: None
11. Transaction method and price basis:
Method: Negotiation between parties
Basis: Referenced market rental rates
12-22. Professional evaluation: N/A
23. Purpose: Obtain right-of-use assets for warehouse use
24. Dissenting director opinion: None
25. Related party transaction: Yes
26. Audit committee approval: N/A
27. Acquisition of real estate/right-of-use from related party: Yes
28-30. Valuation and prior disclosure: N/A
31. Other notes: None
7F-2 and B1-1 to B1-3, No. 189, Jiuzong Rd. Sec. 2, Neihu Dist., Taipei City
2. Fact occurrence date: June 4, 2026
3. Board approval date: June 4, 2026
4. Other decision date: N/A
5. Transaction quantity, unit price, and total amount:
Quantity: 413.94 ping
Unit price: Approx. 860.8 NTD/ping (tax included)
Total amount: 356,318 NTD/month (tax included), total 12,827,448 NTD
Right-of-use asset value: 12,550,904 NTD
6. Counterparty and relationship:
Counterparty: Shin Kong Life Insurance Co., Ltd.
Relationship: Related party
7. Reason for selecting related party and history:
Reason: For warehouse use
History: N/A
8. History of related party ownership in last 5 years: N/A
9. Disposal gain (loss): N/A
10. Payment terms and contractual restrictions:
(1) Lease term: 2026/07/01 - 2029/06/30
(2) Payment terms: Monthly payment
(3) Contractual restrictions: None
11. Transaction method and price basis:
Method: Negotiation between parties
Basis: Referenced market rental rates
12-22. Professional evaluation: N/A
23. Purpose: Obtain right-of-use assets for warehouse use
24. Dissenting director opinion: None
25. Related party transaction: Yes
26. Audit committee approval: N/A
27. Acquisition of real estate/right-of-use from related party: Yes
28-30. Valuation and prior disclosure: N/A
31. Other notes: None
FAQ
Why did Taishin Bank lease a warehouse from Shin Kong Life Insurance?
It is part of an initiative to effectively utilize group assets and secure space for warehouse usage.
How was the rent for this transaction determined?
It was decided through negotiation between the two parties, based on prevailing market rental rates.
Is it disclosed that this is a related-party transaction?
Yes, the relationship with Shin Kong Life Insurance is clearly stated, and it is disclosed as a related-party transaction.