[Ching Feng] Announcement Regarding Subsidiary Fu Yue Responsibility Company's Disposal of Land and Buildings to a Related Party
Fu Yue Responsibility Company, a subsidiary of Ching Feng, has decided to dispose of its land and buildings to Vietnam Ching Feng Responsibility Company to optimize group resource allocation and support the expansion of the Vietnam subsidiary's curtain business.
📋 Article Processing Timeline
- 📰 Published: May 25, 2026 at 09:00
- 🔍 Collected: May 26, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 26, 2026 at 19:14 (11h 14m after Collected)
1. Date of the event: 115/05/25
2. Company name: Fu Yue Responsibility Company
3. Relationship with the company: Subsidiary
4. Mutual shareholding ratio: 100%
5. Reason for the event:
(1) To optimize group resource allocation and meet the curtain business expansion needs of the subsidiary, Vietnam Ching Feng Responsibility Company, it is proposed to sell the land, buildings, and ancillary equipment of Fu Yue Responsibility Company to Vietnam Ching Feng Responsibility Company.
(2) This case has been approved by the Board of Directors, authorizing the Chairman to handle all related matters at a price not lower than 70 billion Vietnamese Dong.
6. Countermeasures: None.
7. Other matters to be specified (if the subject of the event or resolution is a publicly listed company or higher, this material information also meets the requirements of Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act regarding matters that have a significant impact on shareholders' equity or securities prices): None.
2. Company name: Fu Yue Responsibility Company
3. Relationship with the company: Subsidiary
4. Mutual shareholding ratio: 100%
5. Reason for the event:
(1) To optimize group resource allocation and meet the curtain business expansion needs of the subsidiary, Vietnam Ching Feng Responsibility Company, it is proposed to sell the land, buildings, and ancillary equipment of Fu Yue Responsibility Company to Vietnam Ching Feng Responsibility Company.
(2) This case has been approved by the Board of Directors, authorizing the Chairman to handle all related matters at a price not lower than 70 billion Vietnamese Dong.
6. Countermeasures: None.
7. Other matters to be specified (if the subject of the event or resolution is a publicly listed company or higher, this material information also meets the requirements of Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act regarding matters that have a significant impact on shareholders' equity or securities prices): None.
FAQ
Why is Ching Feng selling land to its subsidiary?
To optimize group resource allocation and support the Vietnam subsidiary's curtain business expansion.
How is the minimum transaction price determined?
Approved by the board, authorizing the chairman to handle the matter at a price no less than 70 billion VND.
What is the impact of this transaction on the group?
It is an internal resource reorganization to consolidate production bases in Vietnam and improve operational efficiency.