MiTAC Subsidiary MUSA Acquires Real Estate Usage Rights in California
MiTAC Computing Technology USA (MUSA) has acquired real estate usage rights for a building in California, leasing 7,376 square feet from MiTAC Information Systems Corp. (MiTACIS). The monthly rent for the first 10 months is USD 15,969.04, with the total value of the usage rights amounting to USD 557,673.96. This transaction is part of the group's business planning.
📋 Article Processing Timeline
- 📰 Published: April 30, 2026 at 09:00
- 🔍 Collected: May 1, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 1, 2026 at 11:48 (3h 48m after Collected)
MiTAC Computing Technology USA (MUSA), a subsidiary of MiTAC, has acquired real estate usage rights for a building located in California, USA. The transaction, approved by the board of directors on April 30, 115 (Republic of China calendar), involves leasing 7,376 square feet from MiTAC Information Systems Corp. (MiTACIS), a related party and fellow subsidiary under the same parent company, Shen Yun Technology Co., Ltd.
The lease agreement is set for a period from May 1, 115, to April 30, 118. For the initial 10 months, the monthly rent will be USD 15,969.04, with adjustments to be made annually thereafter. The total amount for these usage rights is valued at USD 557,673.96.
This acquisition is driven by group business planning, aiming to secure necessary operational space for MUSA. MiTACIS originally leased 28,708 square feet and is sub-leasing 7,376 square feet to MUSA. The previous owner of these usage rights was TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, which transferred them on March 1, 115, for USD 2,153,359.72.
The decision for this transaction was made through board resolution, with the pricing based on MiTACIS's lease price, proportionally calculated for MUSA's leased area. There are no contractual restrictions or other significant agreements noted, and no professional appraisal was conducted for this transaction.
The lease agreement is set for a period from May 1, 115, to April 30, 118. For the initial 10 months, the monthly rent will be USD 15,969.04, with adjustments to be made annually thereafter. The total amount for these usage rights is valued at USD 557,673.96.
This acquisition is driven by group business planning, aiming to secure necessary operational space for MUSA. MiTACIS originally leased 28,708 square feet and is sub-leasing 7,376 square feet to MUSA. The previous owner of these usage rights was TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, which transferred them on March 1, 115, for USD 2,153,359.72.
The decision for this transaction was made through board resolution, with the pricing based on MiTACIS's lease price, proportionally calculated for MUSA's leased area. There are no contractual restrictions or other significant agreements noted, and no professional appraisal was conducted for this transaction.
FAQ
What did MiTAC subsidiary MUSA announce?
MiTAC Computing Technology USA (MUSA) announced the acquisition of real estate usage rights for a building in California, USA.
What are the terms of the lease agreement?
MUSA will lease 7,376 square feet from MiTACIS. The monthly rent is USD 15,969.04 for the first 10 months, with annual adjustments thereafter. The lease period is from May 1, 115, to April 30, 118.
What is the total value of the usage rights?
The total value of the usage rights is USD 557,673.96.
Why is MUSA acquiring these usage rights?
This acquisition is part of the group's business planning to secure necessary operational space for MUSA.
Is this a related party transaction?
Yes, this is a related party transaction as MUSA is leasing the space from MiTACIS, which shares the same parent company, Shen Yun Technology Co., Ltd.