[HDEC] Continental Development Corp Announces Disposal of Right-of-Use Assets (Early Termination of Lease)
Key facts
- [HDEC] Continental Development Corp Announces Disposal of Right-of-Use Assets (Early Termination of Lease)
- Continental Development Corp, a subsidiary of HDEC, announced the early termination of a lease agreement for the 12th and 13th floors of 95 Dunhua South Road, Section 2, Taipei. The counterparty is Continental Engineering Corp, an affiliate. The total contract value is approximately NT$83.47 million (excluding tax), with an expected disposal gain of NT$416,953. This action is part of the company's overall operational planning.
- Source: PR Times
- Date: May 29, 2026
Direct answer
Continental Development Corp, a subsidiary of HDEC, announced the early termination of a lease agreement for the 12th and 13th floors of 95 Dunhua South Road, Section 2, Taipei. The counterparty is Continental Engineering Corp, an affiliate. The total contract value is approximately NT$83.47 million (excluding tax), with an expected disposal gain of NT$416,953. This action is part of the company's overall operational planning.
- Citation
- [HDEC] Continental Development Corp Announces Disposal of Right-of-Use Assets (Early Termination of Lease) (May 29, 2026), PR Times
- Source
- PR Times
- Date
- May 29, 2026
Continental Development Corp, a subsidiary of HDEC, announced the early termination of a lease agreement for the 12th and 13th floors of 95 Dunhua South Road, Section 2, Taipei. The counterparty is Continental Engineering Corp, an affiliate. The total contract value is approximately NT$83.47 million (excluding tax), with an expected disposal gain of NT$416,953. This action is part of the company's overall operational planning.
📋 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)
2. Date of occurrence: May 29, 115.
3. Date of Board approval: May 29, 115.
5. Transaction details: Early termination of lease on June 30, 115. Total area 605.71 pings, average price per ping NT$2,666-2,841 (excl. tax). Total contract value NT$83,475,340 (excl. tax). Reduction in net right-of-use assets: NT$26,699,048. Reduction in total lease liabilities: NT$27,116,001.
6. Counterparty and relationship: Continental Engineering Corp, an affiliate.
7. Reason for related party transaction: Early termination of lease.
9. Expected disposal gain: NT$416,953.
23. Purpose: Based on overall operational planning.
24. Dissenting opinions: None.
25. Related party transaction: Yes.
FAQ
What is the significance of 'Right-of-Use Asset' in Taiwan's accounting?
It represents the lessee's right to use an underlying asset for the lease term, recognized under IFRS 16.
What are the key facts in this article?
Continental Development Corp, a subsidiary of HDEC, announced the early termination of a lease agreement for the 12th and 13th floors of 95 Dunhua South Road, Section 2, Taipei. The counterparty is Continental Engineering Corp, an affiliate. The total contract value is approximately NT$83.47 million (excluding tax), with an expected disposal gain of NT$416,953. This action is part of the company's overall operational planning.
What is the direct answer?
Continental Development Corp, a subsidiary of HDEC, announced the early termination of a lease agreement for the 12th and 13th floors of 95 Dunhua South Road, Section 2, Taipei. The counterparty is Continental Engineering Corp, an affiliate. The total contract value is approximately NT$83.47 million (excluding tax), with an expected disposal gain of NT$416,953. This action is part of the company's overall operational planning.