[Le Sia Green Energy] Announcement Regarding Acquisition of Real Estate by Important Subsidiary Wan Chuan Construction Co., Ltd. (Correction)

Key facts

  • [Le Sia Green Energy] Announcement Regarding Acquisition of Real Estate by Important Subsidiary Wan Chuan Construction Co., Ltd. (Correction)
  • Wan Chuan Construction Co., Ltd. has acquired land located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City from its related party, Guan Tian Steel Co., Ltd., for a total transaction amount of NT$70,289,000. This acquisition is to meet the operational needs of Wan Chuan Construction for building a 4-story building for use as offices and warehouses. This transaction is a related-party transaction and has been approved by the Board of Directors and the Supervisor/Audit Committee.
  • Source: PR Times
  • Date: March 19, 2025

Direct answer

Wan Chuan Construction Co., Ltd. has acquired land located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City from its related party, Guan Tian Steel Co., Ltd., for a total transaction amount of NT$70,289,000. This acquisition is to meet the operational needs of Wan Chuan Construction for building a 4-story building for use as offices and warehouses. This transaction is a related-party transaction and has been approved by the Board of Directors and the Supervisor/Audit Committee.

Citation
[Le Sia Green Energy] Announcement Regarding Acquisition of Real Estate by Important Subsidiary Wan Chuan Construction Co., Ltd. (Correction) (March 19, 2025), PR Times
Source
PR Times
Date
March 19, 2025
Wan Chuan Construction Co., Ltd. has acquired land located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City from its related party, Guan Tian Steel Co., Ltd., for a total transaction amount of NT$70,289,000. This acquisition is to meet the operational needs of Wan Chuan Construction for building a 4-story building for use as offices and warehouses. This transaction is a related-party transaction and has been approved by the Board of Directors and the Supervisor/Audit Committee.

📋 Article Processing Timeline

  • 📰 Published: March 19, 2025 at 09:00
  • 🔍 Collected: June 10, 2026 at 08:00 (10751h 0m after Published)
  • 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
1. Name and Nature of the Target Property (e.g., Land in Section XX, Lot XX, District XX, Taichung City):
Land located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City.
2. Date of Occurrence: 114/3/19~114/3/19
3. Date of Board of Directors' Approval: March 19, 114 (Republic of China calendar)
4. Other Approval Dates: Not applicable
5. Transaction Unit Quantity (e.g., XX square meters, equivalent to XX ping), Price Per Unit, and Total Transaction Amount:
(1) Land: 647.95 square meters (equivalent to 196 ping)
(2) Total Transaction Amount: NT$70,289,000
6. Transaction Counterparty and Relationship with the Company (If the counterparty is an individual and not a related party, their name may be omitted):
Transaction Counterparty: Guan Tian Steel Co., Ltd.
Relationship with the Company: Substantive Related Party
7. If the transaction counterparty is a related party, announce the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner, the company, and the transaction counterparty, the date of the previous transfer, and the amount of the transfer:
(1) The location meets the operational needs of Wan Chuan Construction.
(2) The previous transfer was acquired through auction.
(3) Its owner/non-related party.
(4) Amount of previous transfer: NT$5,497,730.
(5) Date of previous transfer / November, Year 96 (Republic of China calendar).
8. If the owner of the subject property has been a related party of the company within the last five years, announce the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction:
Not applicable.
9. Estimated Profit (or Loss) from Disposal (Not applicable for asset acquisition) (If deferred, list recognition status):
Not applicable.
10. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements:
Delivery or Payment Terms: As per the contract.
Restrictions and Other Important Agreements: None.
11. Method of Decision for this Transaction (e.g., tender, comparative bidding, or negotiation), Basis for Price Determination, and Decision-Making Unit:
Method of Decision: Negotiation.
Decision-Making Unit: Board of Directors.
12. Name of Professional Appraiser Firm or Company and its Appraisal Amount:
Kuo Hou-Tsun Real Estate Appraiser Office / Appraisal Amount: NT$58,821,000.
13. Name of Professional Appraiser:
Kuo Hou-Tsun, Wu Rui-Min.
14. License Number of Professional Appraiser:
(94) Nan Shih Ku Tzu No. 000011.
15. Is the appraisal report a limited price, specific price, or special price? No or not applicable.
16. Have you not yet obtained the appraisal report? 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 results, the reason for the difference and the opinion of the accountant:
Not applicable.
19. Name of Accounting Firm:
Not applicable.
20. Name of Accountant:
Not applicable.
21. License Number of Accountant:
Not applicable.
22. Broker and Brokerage Fee:
Not applicable.
23. Specific Purpose or Use of Acquisition or Disposal:
Important subsidiary Wan Chuan Construction Co., Ltd. plans to construct a 4-story building for use as offices, warehouses, and other business items compliant with laws and regulations.
24. Opinion of Directors Who Expressed Dissent Regarding This Transaction:
None.
25. Is this transaction a related-party transaction? Yes.
26. Date of Supervisor's Approval or Audit Committee's Consent: March 19, 114 (Republic of China calendar).
27. Is this transaction an acquisition of real estate or right-of-use assets from a related party? Yes.
28. Price assessed according to Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Publicly Issued Companies": Not applicable.
29. If the price assessed in the preceding paragraph is lower than the transaction price, the price assessed according to Article 17 of the same Regulations: Not applicable.
30. Date of previous major information announcement for the same event: May 12, 114 (Republic of China calendar).
31. Other Explanatory Matters: None.

FAQ

What is the purpose of Wan Chuan Construction's land acquisition?

Wan Chuan Construction acquired the land to construct its own 4-story building for use as offices and warehouses.

What is the nature of this transaction?

This is a related-party transaction between Wan Chuan Construction and Guan Tian Steel Co., Ltd.

Where is the acquired land located and what is its size?

The land is located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City, and measures 647.95 square meters (approx. 196 ping).

What is the total transaction amount?

The total transaction amount is NT$70,289,000.

Who approved this transaction?

It was approved by the Board of Directors and the Supervisor/Audit Committee.