[Farglory FTZ] Announcement on behalf of subsidiary Farglory Free Trade Zone Co., Ltd. regarding the acquisition of assets from a related party
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 15, 2026 at 08:23 (24h 23m after Collected)
Farglory Free Trade Zone Co., Ltd., a subsidiary of Farglory FTZ, announced the acquisition of assets from its related party, Dongyuan Construction Engineering Co., Ltd., for the new construction project of the Hongbai Taipower Extra High Voltage Substation at the Farglory FTZ Value-added Park. The total transaction amount is TWD 235,000,000, determined through open bidding and negotiation. Dongyuan Construction was chosen due to offering the lowest quote, as well as its excellent track record and construction quality. The acquisition aims to meet operational demands.