What is the purpose of Wan Chuan Construction's land acquisition?

Wan Chuan Construction acquired the land to construct its own 4-story building for use as offices and warehouses.

What is the nature of this transaction?

This is a related-party transaction between Wan Chuan Construction and Guan Tian Steel Co., Ltd.

Where is the acquired land located and what is its size?

The land is located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City, and measures 647.95 square meters (approx. 196 ping).

What is the total transaction amount?

The total transaction amount is NT$70,289,000.

AI News NQ Analysis

[Le Sia Green Energy] Announcement Regarding Acquisition of Real Estate by Important Subsidiary Wan Chuan Construction Co., Ltd. (Correction)

Key facts

[Le Sia Green Energy] Announcement Regarding Acquisition of Real Estate by Important Subsidiary Wan Chuan Construction Co., Ltd. (Correction)
Wan Chuan Construction Co., Ltd. has acquired land located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City from its related party, Guan Tian Steel Co., Ltd., for a total transaction amount of NT$70,289,000. This acquisition is to meet the operational needs of Wan Chuan Construction for building a 4-story building for use as offices and warehouses. This transaction is a related-party transaction and has been approved by the Board of Directors and the Supervisor/Audit Committee.
Source: TWSE
Date: Wed Mar 19 2025 09:00:00 GMT+0900 (Japan Standard Time)

Direct answer

Wan Chuan Construction Co., Ltd. has acquired land located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City from its related party, Guan Tian Steel Co., Ltd., for a total transaction amount of NT$70,289,000. This acquisition is to meet the operational needs of Wan Chuan Construction for building a 4-story building for use as offices and warehouses. This transaction is a related-party transaction and has been approved by the Board of Directors and the Supervisor/Audit Committee.

Citation: [Le Sia Green Energy] Announcement Regarding Acquisition of Real Estate by Important Subsidiary Wan Chuan Construction Co., Ltd. (Correction) (Wed Mar 19 2025 09:00:00 GMT+0900 (Japan Standard Time)), TWSE
Source: TWSE
Date: Wed Mar 19 2025 09:00:00 GMT+0900 (Japan Standard Time)

AI Summary (NQ-processed)

Wan Chuan Construction Co., Ltd. has acquired land located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City from its related party, Guan Tian Steel Co., Ltd., for a total transaction amount of NT$70,289,000. This acquisition is to meet the operational needs of Wan Chuan Construction for building a 4-story building for use as offices and warehouses. This transaction is a related-party transaction and has been approved by the Board of Directors and the Supervisor/Audit Committee.

AI Analysis

Frequently Asked Questions

Q: What is the purpose of Wan Chuan Construction's land acquisition?: A: Wan Chuan Construction acquired the land to construct its own 4-story building for use as offices and warehouses.
Q: What is the nature of this transaction?: A: This is a related-party transaction between Wan Chuan Construction and Guan Tian Steel Co., Ltd.
Q: Where is the acquired land located and what is its size?: A: The land is located at No. 97, Yongan Section, Yongan Village, Yongkang District, Tainan City, and measures 647.95 square meters (approx. 196 ping).
Q: What is the total transaction amount?: A: The total transaction amount is NT$70,289,000.
Q: Who approved this transaction?: A: It was approved by the Board of Directors and the Supervisor/Audit Committee.