San Lien Shui: Announcement on Acquiring Common Stock Equity from a Related Party
San Lien Shui announced the acquisition of 65,133,921 common shares of its subsidiary, Green San Lien Shui Development Co., Ltd., from its ultimate parent company, Leadenhall Construction Co., Ltd. The transaction, approved on April 9, 2026, is valued at NT$16.50 per share, totaling NT$1,074,709,697. This acquisition is for group restructuring and long-term equity investment, resulting in San Lien Shui holding 100% of Green San Lien Shui Development's shares.
📋 Article Processing Timeline
- 📰 Published: April 9, 2026 at 09:00
- 🔍 Collected: April 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 15, 2026 at 12:01 (124h 1m after Collected)
1. Name and nature of the subject matter (if it is preferred stock, the agreed issuance conditions such as dividend rate should also be indicated): Common stock of subsidiary Green San Lien Shui Development Co., Ltd.
2. Date of occurrence of the event: 2026/4/9~2026/4/9.
3. Date of approval by the board of directors: April 9, 2026.
4. Other approval dates: Not applicable.
5. Quantity of transaction, price per unit, and total transaction amount: Common stock: 65,133,921 shares, price per unit: NT$16.50, total transaction amount: NT$1,074,709,697.
6. Counterparty of the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted): Leadenhall Construction Co., Ltd., which is the ultimate parent company of the company.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and the transfer amount should also be announced: Group organizational restructuring and the ultimate parent company's working capital planning.
8. If the owner of the transaction object has been a related party of the company within the past five years, the acquisition and disposal dates, prices, and the relationship with the company at the time of the transaction should also be announced: Not applicable.
9. Matters related to the disposal of claims (including the type of collateral attached to the disposed claims, if the disposed claims belong to claims against related parties, the name of the related party and the book value of the claims against the related party should also be announced): Not applicable.
10. Disposal profit (or loss) (not applicable for acquisition of marketable securities) (for deferred items, a table should be provided to explain the recognition status): Not applicable.
11. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreements: Delivery or payment terms are based on the content of the equity purchase agreement.
12. Method of determining this transaction, reference basis for price determination, and decision-making unit: 1. Method of determining the transaction: Negotiation with Leadenhall Construction Co., Ltd. 2. Reference basis for price determination: Opinion letter on price reasonableness issued by an accountant. 3. Decision-making unit: Board of Directors.
13. Net asset value per share of the target company for the acquisition or disposal of marketable securities: NT$13.21.
14. As of now, the accumulated number, amount, shareholding ratio, and restricted rights (e.g., pledge status) of this transaction's securities (including this transaction): 1. Number: 217,113,070 shares. 2. Amount: NT$2,208,307 thousand. 3. Shareholding ratio: 100%. 4. Restricted rights: None.
15. As of now, the investment in marketable securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" accounts for the proportion of the company's total assets and equity attributable to owners of the parent in the most recent financial report, and the amount of working capital in the most recent financial report (Note 2): 1. Investment in marketable securities (including this transaction) accounts for 71.06% of the company's total assets in the most recent financial report. 2. Investment in marketable securities (including this transaction) accounts for 109.24% of the equity attributable to owners of the parent. 3. Amount of working capital in the most recent financial report: NT$312,586 thousand.
16. Broker and brokerage fees: Not applicable.
17. Specific purpose or use of acquisition or disposal: Long-term equity investment.
18. Opinions of directors who expressed dissent to this transaction: None.
19. This transaction is a related party transaction: Yes.
20. Date of approval by supervisors or audit committee: April 9, 2026.
21. Did the accountant issue an unreasonable opinion on this transaction: No.
22. Name of accounting firm: Shuo Shi Certified Public Accountants.
23. Name of accountant: Hsu Wei-en.
24. Accountant's license number: Jin Guan Hui Zheng Zi No. 7941.
25. Does it involve a change in operating model: No.
26. Explanation of change in operating model: Not applicable.
27. Transaction status with the counterparty in the past year and estimated next year: Not applicable.
28. Source of funds: Not applicable.
29. Date of previous material information announcement for the same event: Not applicable.
30. Other matters to be specified: To be executed after Leadenhall Construction Co., Ltd. obtains the approval letter from the Kaohsiung City Government.
2. Date of occurrence of the event: 2026/4/9~2026/4/9.
3. Date of approval by the board of directors: April 9, 2026.
4. Other approval dates: Not applicable.
5. Quantity of transaction, price per unit, and total transaction amount: Common stock: 65,133,921 shares, price per unit: NT$16.50, total transaction amount: NT$1,074,709,697.
6. Counterparty of the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted): Leadenhall Construction Co., Ltd., which is the ultimate parent company of the company.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and the transfer amount should also be announced: Group organizational restructuring and the ultimate parent company's working capital planning.
8. If the owner of the transaction object has been a related party of the company within the past five years, the acquisition and disposal dates, prices, and the relationship with the company at the time of the transaction should also be announced: Not applicable.
9. Matters related to the disposal of claims (including the type of collateral attached to the disposed claims, if the disposed claims belong to claims against related parties, the name of the related party and the book value of the claims against the related party should also be announced): Not applicable.
10. Disposal profit (or loss) (not applicable for acquisition of marketable securities) (for deferred items, a table should be provided to explain the recognition status): Not applicable.
11. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreements: Delivery or payment terms are based on the content of the equity purchase agreement.
12. Method of determining this transaction, reference basis for price determination, and decision-making unit: 1. Method of determining the transaction: Negotiation with Leadenhall Construction Co., Ltd. 2. Reference basis for price determination: Opinion letter on price reasonableness issued by an accountant. 3. Decision-making unit: Board of Directors.
13. Net asset value per share of the target company for the acquisition or disposal of marketable securities: NT$13.21.
14. As of now, the accumulated number, amount, shareholding ratio, and restricted rights (e.g., pledge status) of this transaction's securities (including this transaction): 1. Number: 217,113,070 shares. 2. Amount: NT$2,208,307 thousand. 3. Shareholding ratio: 100%. 4. Restricted rights: None.
15. As of now, the investment in marketable securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" accounts for the proportion of the company's total assets and equity attributable to owners of the parent in the most recent financial report, and the amount of working capital in the most recent financial report (Note 2): 1. Investment in marketable securities (including this transaction) accounts for 71.06% of the company's total assets in the most recent financial report. 2. Investment in marketable securities (including this transaction) accounts for 109.24% of the equity attributable to owners of the parent. 3. Amount of working capital in the most recent financial report: NT$312,586 thousand.
16. Broker and brokerage fees: Not applicable.
17. Specific purpose or use of acquisition or disposal: Long-term equity investment.
18. Opinions of directors who expressed dissent to this transaction: None.
19. This transaction is a related party transaction: Yes.
20. Date of approval by supervisors or audit committee: April 9, 2026.
21. Did the accountant issue an unreasonable opinion on this transaction: No.
22. Name of accounting firm: Shuo Shi Certified Public Accountants.
23. Name of accountant: Hsu Wei-en.
24. Accountant's license number: Jin Guan Hui Zheng Zi No. 7941.
25. Does it involve a change in operating model: No.
26. Explanation of change in operating model: Not applicable.
27. Transaction status with the counterparty in the past year and estimated next year: Not applicable.
28. Source of funds: Not applicable.
29. Date of previous material information announcement for the same event: Not applicable.
30. Other matters to be specified: To be executed after Leadenhall Construction Co., Ltd. obtains the approval letter from the Kaohsiung City Government.