Highwealth Construction Cancels Contract with Xingyu Development, Reassigns to Wholly-Owned Subsidiary Zhuwang Development
📋 Article Processing Timeline
- 📰 Published: May 14, 2026 at 09:00
- 🔍 Collected: May 15, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 15, 2026 at 10:24 (2h 24m after Collected)
Highwealth Construction announced the cancellation of a construction contract for the 'Zuoan Mingzhu B' project in Zhonghe District, New Taipei City, previously awarded to Xingyu Development. The original contract scope was NT$234.98 million. The contract has been reassigned to its wholly-owned subsidiary, Zhuwang Development, with a total project contract value of NT$8.06 billion. This is classified as a related-party transaction.