【Meya Corp.】Supplementary explanation on the Board of Directors' resolution to purchase land in Chongde Section, Xizhi District, New Taipei City.
Meya Corp. reported a change to its land purchase plan in Xizhi District, New Taipei City, announced on December 19, 2024. The original plan was to purchase 29 plots of land (949.42 ping) for NT$1.7089 billion to build a residential building. However, due to the failure to consolidate some plots, the company ultimately acquired 26 plots (877.52 ping) for NT$1.579474 billion. The company states this change has no impact on its finances or operations.
📋 Article Processing Timeline
- 📰 Published: May 18, 2026 at 09:00
- 🔍 Collected: May 19, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 19, 2026 at 08:11 (11 min after Collected)
1. Original Announcement Date:
December 19, 2024
2. Summary of Original Announcement:
On December 19, 2024, the company's Board of Directors approved the purchase of 29 land plots, including lot no. 137 in Chongde Section, Xizhi District, New Taipei City. The total land area was 3,138.57 square meters (949.42 ping). The projected purchase price per ping was NT$1.8 million, for a total price of NT$1.7089 billion. The plan was to carry out a reconstruction project via urban renewal to build and sell a residential tower.
3. Reason for and Main Content of Change:
However, due to the failure to complete the consolidation of some land plots, it was not possible to purchase them together with other private landowners and land/structures from the National Property Administration. Therefore, the company has currently only completed the purchase of 26 land plots and their existing structures at lot no. 137, Chongde Section, Xizhi District, New Taipei City. The land area is 2,900.88 square meters (877.52 ping), and the total transaction price is NT$1,579,474,000, with a land price per ping of approximately NT$1.8 million.
4. Impact of the Change on the Company's Financials and Business:
None.
5. Other Matters to be Specified:
None.
December 19, 2024
2. Summary of Original Announcement:
On December 19, 2024, the company's Board of Directors approved the purchase of 29 land plots, including lot no. 137 in Chongde Section, Xizhi District, New Taipei City. The total land area was 3,138.57 square meters (949.42 ping). The projected purchase price per ping was NT$1.8 million, for a total price of NT$1.7089 billion. The plan was to carry out a reconstruction project via urban renewal to build and sell a residential tower.
3. Reason for and Main Content of Change:
However, due to the failure to complete the consolidation of some land plots, it was not possible to purchase them together with other private landowners and land/structures from the National Property Administration. Therefore, the company has currently only completed the purchase of 26 land plots and their existing structures at lot no. 137, Chongde Section, Xizhi District, New Taipei City. The land area is 2,900.88 square meters (877.52 ping), and the total transaction price is NT$1,579,474,000, with a land price per ping of approximately NT$1.8 million.
4. Impact of the Change on the Company's Financials and Business:
None.
5. Other Matters to be Specified:
None.
FAQ
Where in Xizhi District is this development taking place?
It is planned to take place in the Chongde Section of Xizhi District, New Taipei City.
Why was the plan downsized?
Because the consolidation and purchase of some lands, including private and national properties, could not be completed.
What will be built in this project?
A residential building (condominium) will be constructed and sold through an urban renewal method.