CPDC plans to dispose of Kaohsiung Asia New Bay Area land again and change accounting firms
China Petrochemical Development Corporation (CPDC) announced that its board of directors has approved the re-disposal of its investment property land in Kaohsiung and a change of accounting firms, following two unsuccessful public tenders in September 2025 and January 2026. This move continues its asset activation efforts and aims to streamline operations.
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- 📰 Published: April 24, 2026 at 19:48
- 🔍 Collected: April 24, 2026 at 20:01 (13 min after Published)
- 🤖 AI Analyzed: April 24, 2026 at 21:02 (1h 0m after Collected)
Central News Agency
(Central News Agency reporter Zeng Ren-kai, Taipei, April 24) China Petrochemical Development Corporation (CPDC), after two public tenders for some of its land in Kaohsiung's Asia New Bay Area in September 2025 and January 2026 failed to attract bids, announced today that its board of directors has approved the re-disposal of its investment property land in Kaohsiung and authorized the chairman to handle related follow-up matters.
Due to land left over from its former factory, CPDC has become a major landowner in Kaohsiung's Asia New Bay Area and has actively pursued asset activation in recent years. In mid-September 2025, it commissioned DTZ to tender the "Special Commercial Zone 5" building land in the Asia New Bay Area Phase 94 Redevelopment Zone, covering an area of 36,000 ping (approximately 11.9 hectares), but it ended without a successful bid. Another public tender was held in January this year, which also failed to attract bids.
CPDC General Manager Chen Ying-chun announced at last week's institutional investor conference that the company would continue to actively dispose of its self-owned assets in the Kaohsiung Asia New Bay Area, with the proceeds to be used for operations, developing new businesses and new products, investment, and repaying bank loans.
CPDC announced today that to streamline the company's organization, reduce management costs, and improve operational performance, CPDC and its subsidiary Dingyue Development will change their certifying accounting firms and certifying accountants. They will switch from KPMG Taiwan to ShineWing Hong Kong (formerly Crowe Horwath Taiwan). (Editor: Chang Liang-chih) 1150424
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(Central News Agency reporter Zeng Ren-kai, Taipei, April 24) China Petrochemical Development Corporation (CPDC), after two public tenders for some of its land in Kaohsiung's Asia New Bay Area in September 2025 and January 2026 failed to attract bids, announced today that its board of directors has approved the re-disposal of its investment property land in Kaohsiung and authorized the chairman to handle related follow-up matters.
Due to land left over from its former factory, CPDC has become a major landowner in Kaohsiung's Asia New Bay Area and has actively pursued asset activation in recent years. In mid-September 2025, it commissioned DTZ to tender the "Special Commercial Zone 5" building land in the Asia New Bay Area Phase 94 Redevelopment Zone, covering an area of 36,000 ping (approximately 11.9 hectares), but it ended without a successful bid. Another public tender was held in January this year, which also failed to attract bids.
CPDC General Manager Chen Ying-chun announced at last week's institutional investor conference that the company would continue to actively dispose of its self-owned assets in the Kaohsiung Asia New Bay Area, with the proceeds to be used for operations, developing new businesses and new products, investment, and repaying bank loans.
CPDC announced today that to streamline the company's organization, reduce management costs, and improve operational performance, CPDC and its subsidiary Dingyue Development will change their certifying accounting firms and certifying accountants. They will switch from KPMG Taiwan to ShineWing Hong Kong (formerly Crowe Horwath Taiwan). (Editor: Chang Liang-chih) 1150424
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Text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.