Formosa Taffeta Co., Ltd. Announces Plan to Dispose of Idle Land
Formosa Taffeta Co., Ltd. announced on May 8, 2026, its plan to sell 4 plots of idle land in Mailiao Township, Yunlin County, to related party Mailiao Power Corporation for a total of NTD 319.12 million. The company expects to record a profit of approximately NTD 267.42 million from this transaction.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 08:55 (54 min after Collected)
1. Name and Nature of the Subject Matter (e.g., land in XX Section, XX Subsection, North District, Taichung City):
4 plots of land, including parcel 668, in Xuculiao Subsection, Xuculiao Section, Mailiao Township, Yunlin County.
2. Date of Occurrence of the Event: 2026/5/8 ~ 2026/5/8
3. Date of Approval by the Board of Directors: May 8, 2026 (Republic of China calendar year 115)
4. Other Resolution Dates: Not applicable
5. Quantity, Unit Price, and Total Transaction Amount (e.g., XX square meters, equivalent to XX ping):
Quantity: 4 plots of land totaling 16,796.01 ping; Unit price: NTD 19,000 per ping;
Total transaction amount: NTD 319,124,380
6. Counterparty and its Relationship with the Company (If the counterparty is a natural person and not a related party of the company, disclosure of their name may be omitted):
Mailiao Power Corporation;
Is a substantial related party of the company
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the date of the previous transfer, and the transfer amount should also be announced:
To cooperate with Mailiao Power Corporation's need to establish a solar power plant;
Previous owner: Not applicable
8. If the owner of the transaction target was a related party of the company within the past five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction for the related party should also be announced:
Not applicable
9. Expected disposal gain (or loss) (not applicable for asset acquisition) (if deferred, list and explain the recognition status):
Expected NTD 267,422,697
10. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Covenants:
Handled according to the real estate sales contract; Contractual restrictions: None;
Other important covenants: None
11. Method of determining this transaction (e.g., tender, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Method of determining this transaction, reference basis for price determination: The buyer and seller negotiate and determine the price based on market conditions and appraisal reports.
12. Name of professional appraiser firm or company and its appraisal amount:
Jing Rui Real Estate Appraisal Joint Office; Appraisal amount NTD 312,405,786
13. Name of professional appraiser:
Wang Fu-Sheng
14. Professional appraiser's practice certificate number:
(100) Zhong Shi Di Gu Zi No. 000014
15. Is the appraisal report for a limited price, specific price, or special price: No or not applicable
16. Has the appraisal report not yet been obtained: No or not applicable
17. Reason for not yet obtaining the appraisal report:
Not applicable
18. If there is a significant difference in the appraisal result, the reason for the difference and the accountant's opinion:
Not applicable
19. Accounting firm name:
Not applicable
20. Accountant's name:
Not applicable
21. Accountant's practice certificate number:
Not applicable
22. Broker and brokerage fees:
None
23. Specific purpose or use of acquisition or disposal:
Disposal of idle land
24. Opinions of dissenting directors on this transaction:
Not applicable
25. Is this transaction a related party transaction: Yes
26. Date of approval by supervisors or audit committee:
May 8, 2026 (Republic of China calendar year 115)
27. Is this transaction the acquisition of real estate or its right-of-use assets from a related party: No
28. Price evaluated according to Article 16 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies": Not applicable
29. If the price evaluated in the preceding item is lower than the transaction price, the price evaluated according to Article 17 of the same regulations: Not applicable
30. Date of major announcement previously issued for the same event: Not applicable
31. Other matters to be specified:
None
Keywords: Material Information
4 plots of land, including parcel 668, in Xuculiao Subsection, Xuculiao Section, Mailiao Township, Yunlin County.
2. Date of Occurrence of the Event: 2026/5/8 ~ 2026/5/8
3. Date of Approval by the Board of Directors: May 8, 2026 (Republic of China calendar year 115)
4. Other Resolution Dates: Not applicable
5. Quantity, Unit Price, and Total Transaction Amount (e.g., XX square meters, equivalent to XX ping):
Quantity: 4 plots of land totaling 16,796.01 ping; Unit price: NTD 19,000 per ping;
Total transaction amount: NTD 319,124,380
6. Counterparty and its Relationship with the Company (If the counterparty is a natural person and not a related party of the company, disclosure of their name may be omitted):
Mailiao Power Corporation;
Is a substantial related party of the company
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the date of the previous transfer, and the transfer amount should also be announced:
To cooperate with Mailiao Power Corporation's need to establish a solar power plant;
Previous owner: Not applicable
8. If the owner of the transaction target was a related party of the company within the past five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction for the related party should also be announced:
Not applicable
9. Expected disposal gain (or loss) (not applicable for asset acquisition) (if deferred, list and explain the recognition status):
Expected NTD 267,422,697
10. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Covenants:
Handled according to the real estate sales contract; Contractual restrictions: None;
Other important covenants: None
11. Method of determining this transaction (e.g., tender, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Method of determining this transaction, reference basis for price determination: The buyer and seller negotiate and determine the price based on market conditions and appraisal reports.
12. Name of professional appraiser firm or company and its appraisal amount:
Jing Rui Real Estate Appraisal Joint Office; Appraisal amount NTD 312,405,786
13. Name of professional appraiser:
Wang Fu-Sheng
14. Professional appraiser's practice certificate number:
(100) Zhong Shi Di Gu Zi No. 000014
15. Is the appraisal report for a limited price, specific price, or special price: No or not applicable
16. Has the appraisal report not yet been obtained: No or not applicable
17. Reason for not yet obtaining the appraisal report:
Not applicable
18. If there is a significant difference in the appraisal result, the reason for the difference and the accountant's opinion:
Not applicable
19. Accounting firm name:
Not applicable
20. Accountant's name:
Not applicable
21. Accountant's practice certificate number:
Not applicable
22. Broker and brokerage fees:
None
23. Specific purpose or use of acquisition or disposal:
Disposal of idle land
24. Opinions of dissenting directors on this transaction:
Not applicable
25. Is this transaction a related party transaction: Yes
26. Date of approval by supervisors or audit committee:
May 8, 2026 (Republic of China calendar year 115)
27. Is this transaction the acquisition of real estate or its right-of-use assets from a related party: No
28. Price evaluated according to Article 16 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies": Not applicable
29. If the price evaluated in the preceding item is lower than the transaction price, the price evaluated according to Article 17 of the same regulations: Not applicable
30. Date of major announcement previously issued for the same event: Not applicable
31. Other matters to be specified:
None
Keywords: Material Information