【Shin Kong Steel】Announcement of the company's purchase of land from the Industrial Development Agency, Ministry of Economic Affairs (formerly Industrial Development Bureau, Ministry of Economic Affairs) (Supplement to the announcement on November 8, 2022)
Shin Kong Steel purchased five plots of land in the Lunwei West 1st District, Phase 4 of Changhua Coastal Industrial Park from the Industrial Development Agency, Ministry of Economic Affairs. The land area is 33,273.09 square meters, with the unit price changing from NTD 13,208/sqm to NTD 14,594/sqm, and the total transaction amount changing from NTD 439,482,867 to NTD 485,597,399. This land acquisition is for factory expansion and was approved by the board of directors on November 8, 2022, and reported on April 7, 2026.
📋 Article Processing Timeline
- 📰 Published: April 7, 2026 at 09:00
- 🔍 Collected: April 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 15, 2026 at 11:19 (171h 19m after Collected)
1. Name and nature of the subject matter (e.g., land in XX section, XX subsection, North District, Taichung City):
5 plots of land in Lunwei West 1st District, Phase 4, Lunhai Section, Changhua Coastal Industrial Park, numbers 27-43 to 27-48
2. Date of occurrence of the event: 2026/4/7~2026/4/7
3. Date of board of directors' approval: November 8, 2022
4. Other approval dates: Not applicable
5. Quantity of transaction units (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
Quantity of transaction units: Land area 33,273.09 square meters
Price per unit: Originally NTD 13,208/square meter, changed to NTD 14,594/square meter
Total transaction amount: Originally NTD 439,482,867, changed to NTD 485,597,399
6. Counterparty 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):
Industrial Development Agency, Ministry of Economic Affairs; its relationship with the company: None
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the owner of the previous transfer, the relationship between the owner of the previous transfer and the company and the counterparty, the date of the previous transfer, and the transfer amount shall also be announced:
Not applicable
8. If the owner of the subject matter has been a related party of the company within the last five years, the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction shall also be announced:
Not applicable
9. Estimated disposal profit (or loss) (not applicable for asset acquisition) (for deferred items, the recognition status should be listed and explained):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
Handled in accordance with the relevant regulations of the Changhua Coastal Industrial Park Lunwei West 1st District Phase 4 Industrial Land (1) Pre-registration Lease and Sale Handbook.
After review and approval for purchase and payment to the designated bank:
1. Land sale price originally NTD 439,482,867, changed to NTD 485,597,399
2. Development management fund originally NTD 4,394,827, changed to NTD 4,855,974
3. Completion of use guarantee deposit originally NTD 43,948,287, changed to NTD 48,559,740
The calculation basis for the land sale price stated in the above land payment is based on the monthly addition of development cost interest from the day following the settlement date of the approved land development cost interest. The actual payment amount shall be based on the notified payment amount.
Within 2 years from the date of issuance of the property transfer certificate (or issuance of the land use consent letter) or within the construction plan period approved by the "Industrial Development Bureau Industrial Park Land or Building Lease and Sale Review Committee of the Ministry of Economic Affairs", a use permit shall be obtained and the land shall be used in accordance with the approved plan. After completion of use, the completion of use guarantee deposit can be applied for refund without interest; if the use permit is not obtained and the land is not used in accordance with the approved plan within the deadline, the completion of use guarantee deposit will not be refunded and will be paid to the Industrial Park Development Management Fund of the Ministry of Economic Affairs, and the Ministry of Economic Affairs may compulsorily repurchase the land at the original price without interest.
11. Method of determining this transaction (e.g., bidding, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Method of determining this transaction: In accordance with the application terms of the Industrial Development Agency, Ministry of Economic Affairs (formerly Industrial Development Bureau, Ministry of Economic Affairs)
Decision-making unit: Approved by the company's board of directors on November 8, 2022, and reported to the company's board of directors on April 7, 2026.
12. Name of professional appraiser firm or company and its appraisal amount:
Not applicable
13. Name of professional appraiser:
Not applicable
14. Professional appraiser's license number:
Not applicable
15. Is the appraisal report a limited price, specific price, or special price: No or not applicable
16. Has the appraisal report not yet been obtained: No or not applicable
17. Reason for not yet obtaining the appraisal report:
Not applicable
18. If there is a significant difference in the appraisal result, the reason for the difference and the accountant's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of accountant:
Not applicable
21. Accountant's license number:
Not applicable
22. Broker and brokerage fees:
Not applicable
23. Specific purpose or use of acquisition or disposal:
Factory expansion needs
24. Opinions of directors who expressed dissent to this transaction:
Not applicable
25. Is this transaction a related-party transaction: No
26. Date of approval by supervisors or audit committee:
April 7, 2026
27. Is this transaction an acquisition of real estate or its right-of-use assets from a related party: No
28. Price evaluated in accordance with Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies": Not applicable
29. If the price evaluated in the preceding item is lower than the transaction price, the price evaluated in accordance with Article 17 of the same regulations: Not applicable
30. Date of previous material information announcement on the same event:
November 8, 2022
31. Other matters to be specified:
1. The land sale price is approved by the Industrial Park Administration, Ministry of Economic Affairs, in accordance with Article 46 of the Industrial Innovation Act.
2. The company's land purchase was announced on November 8, 2022, but the transaction amount has changed, so please refer to the amount in this announcement.
Keywords: Material Information
5 plots of land in Lunwei West 1st District, Phase 4, Lunhai Section, Changhua Coastal Industrial Park, numbers 27-43 to 27-48
2. Date of occurrence of the event: 2026/4/7~2026/4/7
3. Date of board of directors' approval: November 8, 2022
4. Other approval dates: Not applicable
5. Quantity of transaction units (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
Quantity of transaction units: Land area 33,273.09 square meters
Price per unit: Originally NTD 13,208/square meter, changed to NTD 14,594/square meter
Total transaction amount: Originally NTD 439,482,867, changed to NTD 485,597,399
6. Counterparty 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):
Industrial Development Agency, Ministry of Economic Affairs; its relationship with the company: None
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the owner of the previous transfer, the relationship between the owner of the previous transfer and the company and the counterparty, the date of the previous transfer, and the transfer amount shall also be announced:
Not applicable
8. If the owner of the subject matter has been a related party of the company within the last five years, the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction shall also be announced:
Not applicable
9. Estimated disposal profit (or loss) (not applicable for asset acquisition) (for deferred items, the recognition status should be listed and explained):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
Handled in accordance with the relevant regulations of the Changhua Coastal Industrial Park Lunwei West 1st District Phase 4 Industrial Land (1) Pre-registration Lease and Sale Handbook.
After review and approval for purchase and payment to the designated bank:
1. Land sale price originally NTD 439,482,867, changed to NTD 485,597,399
2. Development management fund originally NTD 4,394,827, changed to NTD 4,855,974
3. Completion of use guarantee deposit originally NTD 43,948,287, changed to NTD 48,559,740
The calculation basis for the land sale price stated in the above land payment is based on the monthly addition of development cost interest from the day following the settlement date of the approved land development cost interest. The actual payment amount shall be based on the notified payment amount.
Within 2 years from the date of issuance of the property transfer certificate (or issuance of the land use consent letter) or within the construction plan period approved by the "Industrial Development Bureau Industrial Park Land or Building Lease and Sale Review Committee of the Ministry of Economic Affairs", a use permit shall be obtained and the land shall be used in accordance with the approved plan. After completion of use, the completion of use guarantee deposit can be applied for refund without interest; if the use permit is not obtained and the land is not used in accordance with the approved plan within the deadline, the completion of use guarantee deposit will not be refunded and will be paid to the Industrial Park Development Management Fund of the Ministry of Economic Affairs, and the Ministry of Economic Affairs may compulsorily repurchase the land at the original price without interest.
11. Method of determining this transaction (e.g., bidding, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Method of determining this transaction: In accordance with the application terms of the Industrial Development Agency, Ministry of Economic Affairs (formerly Industrial Development Bureau, Ministry of Economic Affairs)
Decision-making unit: Approved by the company's board of directors on November 8, 2022, and reported to the company's board of directors on April 7, 2026.
12. Name of professional appraiser firm or company and its appraisal amount:
Not applicable
13. Name of professional appraiser:
Not applicable
14. Professional appraiser's license number:
Not applicable
15. Is the appraisal report a limited price, specific price, or special price: No or not applicable
16. Has the appraisal report not yet been obtained: No or not applicable
17. Reason for not yet obtaining the appraisal report:
Not applicable
18. If there is a significant difference in the appraisal result, the reason for the difference and the accountant's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of accountant:
Not applicable
21. Accountant's license number:
Not applicable
22. Broker and brokerage fees:
Not applicable
23. Specific purpose or use of acquisition or disposal:
Factory expansion needs
24. Opinions of directors who expressed dissent to this transaction:
Not applicable
25. Is this transaction a related-party transaction: No
26. Date of approval by supervisors or audit committee:
April 7, 2026
27. Is this transaction an acquisition of real estate or its right-of-use assets from a related party: No
28. Price evaluated in accordance with Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies": Not applicable
29. If the price evaluated in the preceding item is lower than the transaction price, the price evaluated in accordance with Article 17 of the same regulations: Not applicable
30. Date of previous material information announcement on the same event:
November 8, 2022
31. Other matters to be specified:
1. The land sale price is approved by the Industrial Park Administration, Ministry of Economic Affairs, in accordance with Article 46 of the Industrial Innovation Act.
2. The company's land purchase was announced on November 8, 2022, but the transaction amount has changed, so please refer to the amount in this announcement.
Keywords: Material Information