[HDEC] Subsidiary Continental Development Corp. Announces Acquisition of Right-of-Use Assets

Key facts

  • [HDEC] Subsidiary Continental Development Corp. Announces Acquisition of Right-of-Use Assets
  • Continental Development Corp., a subsidiary of HDEC, announced the acquisition of right-of-use assets for the 12th and 13th floors of No. 95, Section 2, Dunhua South Road, Taipei. The lease agreement with affiliate Continental Engineering Corp. covers approximately 605.71 pings with a total contract value of NT$112.3 million (excluding tax). The lease runs from July 1, 2026, to December 31, 2030, for office use.
  • Source: PR Times
  • Date: May 29, 2026

Direct answer

Continental Development Corp., a subsidiary of HDEC, announced the acquisition of right-of-use assets for the 12th and 13th floors of No. 95, Section 2, Dunhua South Road, Taipei. The lease agreement with affiliate Continental Engineering Corp. covers approximately 605.71 pings with a total contract value of NT$112.3 million (excluding tax). The lease runs from July 1, 2026, to December 31, 2030, for office use.

Citation
[HDEC] Subsidiary Continental Development Corp. Announces Acquisition of Right-of-Use Assets (May 29, 2026), PR Times
Source
PR Times
Date
May 29, 2026
Continental Development Corp., a subsidiary of HDEC, announced the acquisition of right-of-use assets for the 12th and 13th floors of No. 95, Section 2, Dunhua South Road, Taipei. The lease agreement with affiliate Continental Engineering Corp. covers approximately 605.71 pings with a total contract value of NT$112.3 million (excluding tax). The lease runs from July 1, 2026, to December 31, 2030, for office use.
businessNQ 46/100出典：PR Times

📋 Article Processing Timeline

  • 📰 Published: May 29, 2026 at 09:00
  • 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
  • 🤖 AI Analyzed: May 31, 2026 at 18:16 (34h 16m after Collected)
1. Name and nature of the subject: 12th and 13th floors, No. 95, Sec. 2, Dunhua South Rd., Taipei City. 2. Date of occurrence: May 29, 2026. 3. Date of Board approval: May 29, 2026. 4. Other approval dates: N/A. 5. Transaction volume and price: 605.71 pings, approx. NT$3,040-3,131/ping (excl. tax), total contract value NT$112,304,493 (excl. tax), right-of-use asset value NT$104,881,642. 6. Counterparty and relationship: Continental Engineering Corp., affiliate. 7. Reason for related-party transaction: Overall operational planning. 8. Ownership history: N/A. 9. Expected gain/loss: N/A. 10. Payment terms: Monthly payment per contract. Lease term: July 1, 2026, to Dec 31, 2030. 11. Decision method: Negotiation based on market rates. 12. Professional appraisal: N/A. 23. Purpose: Office use. 24. Dissenting opinions: None. 25. Related-party transaction: Yes. 26. Audit Committee approval: May 29, 2026.

FAQ

Why is this considered a related-party transaction?

Because both the lessor, Continental Engineering Corp., and the lessee, Continental Development Corp., are subsidiaries under the same parent company, HDEC.

What are the key facts in this article?

Continental Development Corp., a subsidiary of HDEC, announced the acquisition of right-of-use assets for the 12th and 13th floors of No. 95, Section 2, Dunhua South Road, Taipei. The lease agreement with affiliate Continental Engineering Corp. covers approximately 605.71 pings with a total contract value of NT$112.3 million (excluding tax). The lease runs from July 1, 2026, to December 31, 2030, for office use.

What is the direct answer?

Continental Development Corp., a subsidiary of HDEC, announced the acquisition of right-of-use assets for the 12th and 13th floors of No. 95, Section 2, Dunhua South Road, Taipei. The lease agreement with affiliate Continental Engineering Corp. covers approximately 605.71 pings with a total contract value of NT$112.3 million (excluding tax). The lease runs from July 1, 2026, to December 31, 2030, for office use.

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