Background of the Transaction KGI Financial has decided to acquire right-of-use assets by leasing property from its affiliate, International Bills Finance Corp., to facilitate consolidated office operations within the group.

Agreement Details - Property: 17th floor and 9th floor computer room, and 8 underground parking spaces at No. 126, 128, 130, 132, Lequn 3rd Rd., Zhongshan Dist., Taipei City. - Lease Term: 3 years - Total Area: 663.8 ping - Monthly Rent: 1,719,297 TWD (including tax) - Value of Right-of-Use Assets: 61,894,692 TWD (including tax)

Decision-making Process The agreement was approved by the Board of Directors based on appraisal reports from three real estate appraisal firms (Sinyi, Eurasia, and Zhonghua).

Purpose To consolidate and improve the efficiency of the group's office operations.

FACT BOX

  • Source: PR Times
  • Category: News