Farglory Announces Proposed Disposal of Company Building Project to Related Party
Farglory has announced its intention to dispose of a company-owned building project to a related party, General Manager Wang Yao-tang. The transaction involves one apartment unit and two parking spaces in Beitou District, Taipei City, for a total of NT$49.89 million, aiming to boost company operating revenue.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 14, 2026 at 08:57 (56 min after Collected)
1. Subject Matter and Nature: Property and parking spaces in Beitou District, Taipei City.
2. Date of Occurrence: 115/5/13~115/5/13 (May 13, 2026).
3. Date of Board Resolution: May 13, 2026.
4. Other Approval Dates: Not applicable.
5. Quantity of Transaction Units, Price per Unit, and Total Transaction Amount: 1 apartment unit, 2 parking spaces, total sale price of NT$49.89 million.
6. Counterparty to the Transaction and its Relationship with the Company: Counterparty: Wang Yao-tang. Relationship with the Company: General Manager of the Company.
7. Reasons for selecting the related party as transaction counterparty, previous owner, relationship between previous owner, company and counterparty, previous transfer date and amount: General pre-sale housing sale.
8. If the owner of the transaction object has been 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: Not applicable.
9. Estimated Disposal Profit (or Loss) (Not applicable for asset acquisition) (For deferred items, please list and explain recognition status): Pre-sale housing project, total cost settlement not yet completed.
10. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements: Payment according to detailed payment schedule.
11. Method of Decision for this Transaction (e.g., tender, comparison, negotiation), Reference Basis for Price Determination, and Decision-Making Unit: Decision method: Refer to market price and appraisal data from professional appraisal institutions. Decision-making unit: Board of Directors.
12. Name of Professional Appraiser Firm or Company and Appraisal Amount: Chan Mao Real Estate Appraisers Joint Office. Appraisal result: NT$46.88 million.
13. Name of Professional Appraiser: Hsu Chun-Pao.
14. Professional Appraiser's License Number: 112 Taipei Appraisal No. 000325.
15. Is the appraisal report 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 auditor's opinion: Not applicable.
19. Name of Accounting Firm: Not applicable.
20. Name of Accountant: Not applicable.
21. Accountant's License Number: Not applicable.
22. Broker and Brokerage Fees: None.
23. Specific Purpose or Use of Acquisition or Disposal: To expand company operating revenue.
24. Opinions of directors who expressed dissenting opinions on this transaction: Not applicable.
25. Is this a related-party transaction: Yes.
26. Date of Supervisor Approval or Audit Committee Consent: May 13, 2026.
27. Is this transaction for the acquisition of real estate or right-of-use assets from a related party: No.
28. Price assessed according to Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies": Not applicable.
29. If the price assessed in the preceding item is lower than the transaction price, the price assessed according to Article 17 of the same regulations: Not applicable.
30. Date of previous significant announcement regarding the same event: Not applicable.
31. Other Explanatory Matters: None.
2. Date of Occurrence: 115/5/13~115/5/13 (May 13, 2026).
3. Date of Board Resolution: May 13, 2026.
4. Other Approval Dates: Not applicable.
5. Quantity of Transaction Units, Price per Unit, and Total Transaction Amount: 1 apartment unit, 2 parking spaces, total sale price of NT$49.89 million.
6. Counterparty to the Transaction and its Relationship with the Company: Counterparty: Wang Yao-tang. Relationship with the Company: General Manager of the Company.
7. Reasons for selecting the related party as transaction counterparty, previous owner, relationship between previous owner, company and counterparty, previous transfer date and amount: General pre-sale housing sale.
8. If the owner of the transaction object has been 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: Not applicable.
9. Estimated Disposal Profit (or Loss) (Not applicable for asset acquisition) (For deferred items, please list and explain recognition status): Pre-sale housing project, total cost settlement not yet completed.
10. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements: Payment according to detailed payment schedule.
11. Method of Decision for this Transaction (e.g., tender, comparison, negotiation), Reference Basis for Price Determination, and Decision-Making Unit: Decision method: Refer to market price and appraisal data from professional appraisal institutions. Decision-making unit: Board of Directors.
12. Name of Professional Appraiser Firm or Company and Appraisal Amount: Chan Mao Real Estate Appraisers Joint Office. Appraisal result: NT$46.88 million.
13. Name of Professional Appraiser: Hsu Chun-Pao.
14. Professional Appraiser's License Number: 112 Taipei Appraisal No. 000325.
15. Is the appraisal report 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 auditor's opinion: Not applicable.
19. Name of Accounting Firm: Not applicable.
20. Name of Accountant: Not applicable.
21. Accountant's License Number: Not applicable.
22. Broker and Brokerage Fees: None.
23. Specific Purpose or Use of Acquisition or Disposal: To expand company operating revenue.
24. Opinions of directors who expressed dissenting opinions on this transaction: Not applicable.
25. Is this a related-party transaction: Yes.
26. Date of Supervisor Approval or Audit Committee Consent: May 13, 2026.
27. Is this transaction for the acquisition of real estate or right-of-use assets from a related party: No.
28. Price assessed according to Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies": Not applicable.
29. If the price assessed in the preceding item is lower than the transaction price, the price assessed according to Article 17 of the same regulations: Not applicable.
30. Date of previous significant announcement regarding the same event: Not applicable.
31. Other Explanatory Matters: None.