1. Name and nature of asset: Containers 2. Date of occurrence: 115/4/22 3. Date of Board resolution: April 22, 115 4. Other approval date: Not applicable 5. Quantity, price, and total amount: 43,250 containers. Total amount: USD 41,730,687.50 6. Counterpart and relationship: Evergreen Marine (Asia) Pte. Ltd. (Related party to Evergreen Hong Kong Ltd.) 7. Reason for selecting related party: Meeting operational needs. (Includes details of original acquisitions from 2019 from various manufacturers totaling 43,250 containers). 8-9. Not applicable 10. Payment terms: Per contract 11. Decision method: Negotiation based on market price. Decided by Evergreen HK Board. 12-22. Not applicable (No appraisal required) 23. Purpose: For business operations 24. Dissenting directors: None 25. Related party transaction: Yes 26-30. Not applicable 31. Other matters: This is a consolidated entity transaction, thus no estimated disposal profit or loss is recognized.
FACT BOX
- Source: PR Times
- Category: News
- Organizations: Evergreen Marine (Asia) Pte. Ltd. / Singamas Management Services Limited / CXIC GROUP Containers Company Limited
- Dates in source: 115/4/22