Ruentex Development Co., Ltd. signed an additional agreement with its subsidiary, Ruentex Construction Co., Ltd., for the 'Ruentex Innovation Songjiang Road New Construction Project'. This additional agreement increased the original contract amount of NT$611,191,469 by NT$78,840,191, bringing the total settlement amount to NT$690,031,660. This related-party transaction was approved by the board and audit committee on April 14, 2026.
Ruentex Development Co., Ltd. (hereinafter referred to as 'the Company') has signed an additional agreement for the 'Ruentex Innovation Songjiang Road New Construction Project'. The contract type is for new construction project settlement. The event occurred on April 14, 2026. The board of directors approved the agreement on April 14, 2026. The counterparty is Ruentex Construction Co., Ltd., a subsidiary of the Company. The main content of the contract is the additional agreement for the 'Ruentex Innovation Songjiang Road New Construction Project'. The original contract amount was NT$611,191,469 (tax exclusive), with an additional amount of NT$78,840,191 (tax exclusive), resulting in a total settlement amount of NT$690,031,660 (tax exclusive). The specific purpose of obtaining this agreement is for the additional new construction project. This transaction is a related-party transaction. The audit committee approved the agreement on April 14, 2026. A previous major announcement regarding this event was made on August 12, 2021.
FACT BOX
- Source: PR Times
- Category: financial
FAQ
What is the name of the company that signed the additional agreement for the Ruentex Innovation Songjiang Road New Construction Project?
Ruentex Development Co., Ltd. signed the additional agreement for the Ruentex Innovation Songjiang Road New Construction Project on April 14, 2026.
Who was the counterparty in the additional agreement for the Ruentex Innovation Songjiang Road New Construction Project?
The counterparty in the agreement was Ruentex Construction Co., Ltd., a subsidiary of Ruentex Development Co., Ltd., on April 14, 2026.
What was the original contract amount for the Ruentex Innovation Songjiang Road New Construction Project before the additional agreement?
The original contract amount was NT$611,191,469 (tax exclusive) for the Ruentex Innovation Songjiang Road New Construction Project before the addition.
What is the total settlement amount after the additional agreement for the Ruentex Innovation Songjiang Road New Construction Project?
The total settlement amount after the additional agreement is NT$690,031,660 (tax exclusive) for the Ruentex Innovation Songjiang Road New Construction Project.
When did the board of directors and audit committee approve the additional agreement for the project?
The board of directors and audit committee both approved the additional agreement on April 14, 2026, for the Ruentex Innovation Songjiang Road project.