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[101] Board of Directors Resolves to Authorize Chairman to Handle Sale of Land and Factory at Dongyuan Road

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AI Summary (NQ-processed)

101 Electronics Co., Ltd. has resolved by its Board of Directors to authorize the Chairman to handle the evaluation, negotiation, contracting, and related disposal matters for the sale of land and factory located at Dongyuan Road in Zhongli District, Taoyuan City. This move aims to revitalize company assets, enhance asset utilization efficiency, and supplement operating funds, in accordance with the company's asset acquisition and disposal procedures and relevant laws.

AI Analysis

Frequently Asked Questions

Q: What assets is 101 Electronics selling?
A: The company is selling land and a factory located at Dongyuan Road, Zhongli District, Taoyuan City, as part of its asset utilization strategy.
Q: What is the main purpose of this sale?
A: The primary goals are to revitalize company assets, enhance asset utilization efficiency, and supplement operating funds.
Q: How will the sale process be managed?
A: The Chairman will handle evaluation, negotiation, contracting, and related disposal within the Board's authorized scope, following company procedures and laws.
Q: When is the sale expected to be completed?
A: A specific completion date is not mentioned, but announcements will be made after transaction confirmation and contract signing.
Q: How will this asset sale impact the company's future?
A: It is expected to strengthen the financial base and improve efficiency, thereby increasing capacity for future growth investments.