Accton Announces Board Approval for Long-Term Factory Lease by Vietnam Accton Technology Company Limited
On May 18, 2026, Accton Technology's board of directors approved a long-term lease for its subsidiary, Vietnam Accton Technology Company Limited. The lease is for a 11,340-square-meter factory in the Thang Long Vinh Phuc Industrial Park, Vinh Phuc province, Vietnam. The total transaction value is approximately USD 13.5 million. This move aims to support the company's long-term development strategy and strengthen its manufacturing capabilities in Southeast Asia.
📋 Article Processing Timeline
- 📰 Published: May 18, 2026 at 09:00
- 🔍 Collected: May 19, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 19, 2026 at 08:08 (8 min after Collected)
1. Name and nature of the subject matter: Lot F1-2-3, Thang Long Vinh Phuc Industrial Park, Tam Hop Commune, Binh Xuyen District, Vinh Phuc province, Vietnam, with an area of factory / factory at F3. 2. Date of occurrence: 2026/5/18~2026/5/18. 3. Board of Directors' approval date: May 18, 2026. 4. Other resolution dates: Not applicable. 5. Transaction unit quantity, price per unit, and total transaction amount: Transaction unit quantity: 11,340 square meters. Total transaction amount: Rent equivalent to approximately USD 13.5 million. 6. Counterparty and its relationship with the company: CNCTECH GROUP JOINT STOCK COMPANY, THANG LONG CNCTECH JOINT STOCK COMPANY; non-related party. 7. If the counterparty is a related party, the reasons for selecting them and details of previous transfers: Not applicable. 8. If the ownership of the transaction asset was held by a related party of the company in the past five years: Not applicable. 9. Expected gain or loss on disposal: Not applicable. 10. Delivery or payment terms, contract restrictions, and other important agreements: Delivery according to the contract. 11. Method of transaction decision, basis for price determination, and decision-making unit: Per the resolution of the Board of Directors on May 18, 2026. 12. Professional appraiser's firm or company name and its appraised value: Cheng-Cheng Cross-Strait Real Estate Appraisers Firm, Appraised value: USD 13.5 million. 13. Professional appraiser's name: Lin Chin-Sheng. 14. Professional appraiser's license number: (94) Bei-Shi-Gu-Zi No. 000060. 15. Whether the appraisal report is for a limited, specific, or special price: No or not applicable. 16. Whether the appraisal report has not yet been obtained: No or not applicable. 17. Reason for not yet obtaining the appraisal report: Not applicable. 18. In case of significant discrepancy in appraisal results, the reasons for the discrepancy and the accountant's opinion: Not applicable. 19. CPA firm name: Not applicable. 20. CPA's name: Not applicable. 21. CPA's license number: Not applicable. 22. Broker and brokerage fees: None. 23. Specific purpose or use of the acquisition or disposal: Long-term development. 24. Opinions of directors expressing dissent to this transaction: None. 25. Is this transaction a related-party transaction: No. 26. Date of supervisor's acknowledgment or audit committee's consent: May 18, 2026. 27. Is this transaction an acquisition of real estate or its right-of-use assets from a related party: No. 28. Price evaluated according to Article 16 of the 'Regulations Governing the Acquisition and 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 according to Article 17 of the same regulations: Not applicable. 30. Date of previous material information release on the same event: Not applicable. 31. Other narrative matters: None.