Farglory Announces Signing of Contract Amendment for Reduction in Tainan Yongkang District Residential Building Construction Project
Key facts
- Farglory Announces Signing of Contract Amendment for Reduction in Tainan Yongkang District Residential Building Construction Project
- Farglory has announced the signing of a contract amendment with its subsidiary, Farglory Construction, to reduce the total contract value to NT$15.53937 billion for the new residential building construction project in Yongkang District, Tainan City.
- Source: PR Times
- Date: June 22, 2026
Direct answer
Farglory has announced the signing of a contract amendment with its subsidiary, Farglory Construction, to reduce the total contract value to NT$15.53937 billion for the new residential building construction project in Yongkang District, Tainan City.
- Citation
- Farglory Announces Signing of Contract Amendment for Reduction in Tainan Yongkang District Residential Building Construction Project (June 22, 2026), PR Times
- Source
- PR Times
- Date
- June 22, 2026
Farglory has announced the signing of a contract amendment with its subsidiary, Farglory Construction, to reduce the total contract value to NT$15.53937 billion for the new residential building construction project in Yongkang District, Tainan City.
📋 Article Processing Timeline
- 📰 Published: June 22, 2026 at 09:00
- 🔍 Collected: June 23, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 23, 2026 at 17:46 (46 min after Collected)
1. Type of Contract: Self-land commissioned construction
2. Date of Event: June 22, 2026 ~ June 22, 2026
3. Board Approval Date: June 22, 2026 (Minguo Year 115)
4. Other Approval Dates: Not applicable
5. Counterparty and Relationship with the Company:
Transaction Party: Farglory Construction Co., Ltd.
Relationship with Company: Subsidiary
6. Main Contents of the Contract (including total contract amount, expected investment amount, contract start and end dates, restrictive clauses, and other important provisions):
The contract signed this time is the 'Amendment Agreement for Reduction of the Contract for the New Residential Building Construction Project in Yongkang District, Tainan City.'
The total contract amount after reduction is NT$1,553,937 thousand (approximately NT$15.53937 billion).
Restrictive clauses and other important agreed matters: None
7. Name of Professional Appraisal Firm or Company and Appraisal Result: Not applicable
8. Name of Real Estate Appraiser: Not applicable
9. License Number of Real Estate Appraiser: Not applicable
10. Specific Purpose of Acquisition:
To expand company revenue
11. Dissenting Director Opinions on This Transaction: None
12. Whether This Transaction is a Related-Party Transaction: Yes
13. Date of Supervisor Approval or Audit Committee Consent: June 22, 2026 (Minguo Year 115)
14. Whether the Appraisal Report is at a Limited Price, Specific Price, or Special Price: No or Not applicable
15. Whether Appraisal Report Has Not Yet Been Obtained: No or Not applicable
16. Reason for Not Yet Obtaining Appraisal Report: Not applicable
17. Reasons for Significant Differences in Appraisal Results and Auditor's Opinion: Not applicable
18. Name of Accounting Firm: Not applicable
19. Name of Auditor: Not applicable
20. License Number of Auditor: Not applicable
21. Previous Date of Material Information Disclosure for the Same Event: Not applicable
22. Other Explanatory Matters: None
2. Date of Event: June 22, 2026 ~ June 22, 2026
3. Board Approval Date: June 22, 2026 (Minguo Year 115)
4. Other Approval Dates: Not applicable
5. Counterparty and Relationship with the Company:
Transaction Party: Farglory Construction Co., Ltd.
Relationship with Company: Subsidiary
6. Main Contents of the Contract (including total contract amount, expected investment amount, contract start and end dates, restrictive clauses, and other important provisions):
The contract signed this time is the 'Amendment Agreement for Reduction of the Contract for the New Residential Building Construction Project in Yongkang District, Tainan City.'
The total contract amount after reduction is NT$1,553,937 thousand (approximately NT$15.53937 billion).
Restrictive clauses and other important agreed matters: None
7. Name of Professional Appraisal Firm or Company and Appraisal Result: Not applicable
8. Name of Real Estate Appraiser: Not applicable
9. License Number of Real Estate Appraiser: Not applicable
10. Specific Purpose of Acquisition:
To expand company revenue
11. Dissenting Director Opinions on This Transaction: None
12. Whether This Transaction is a Related-Party Transaction: Yes
13. Date of Supervisor Approval or Audit Committee Consent: June 22, 2026 (Minguo Year 115)
14. Whether the Appraisal Report is at a Limited Price, Specific Price, or Special Price: No or Not applicable
15. Whether Appraisal Report Has Not Yet Been Obtained: No or Not applicable
16. Reason for Not Yet Obtaining Appraisal Report: Not applicable
17. Reasons for Significant Differences in Appraisal Results and Auditor's Opinion: Not applicable
18. Name of Accounting Firm: Not applicable
19. Name of Auditor: Not applicable
20. License Number of Auditor: Not applicable
21. Previous Date of Material Information Disclosure for the Same Event: Not applicable
22. Other Explanatory Matters: None
FAQ
What impact does this contract change have on the project?
It aims to optimize costs through scope review, with no impact on project continuity.
What kind of company is Farglory Construction?
A 100% subsidiary of Farglory, specializing in handling all group construction projects.
How accessible is this development site?
Yongkang District is a growing residential hub in Tainan with convenient transport, schools, and amenities.