First Steamship Subsidiary Amends Real Estate Purchase Plan to Buy Office Space
📋 Article Processing Timeline
- 📰 Published: May 14, 2026 at 09:00
- 🔍 Collected: May 15, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 15, 2026 at 08:07 (6 min after Collected)
First Steamship announced that subsidiary Xinshengyang Development changed its real estate purchase plan due to regulations restricting corporate residential purchases. It will now acquire 12th and 13th-floor office units and 8 parking spaces in the Nanjing Health Urban Renewal Project from related party Jiateng Construction. The transaction is capped at NT$391.9 million, significantly lower than the appraised value of NT$700 million. This acquisition aligns with their operational strategy.