What is the purpose of this transaction?

To acquire right-of-use assets for business operations and optimize group asset efficiency.

How was the transaction price determined?

The price was set through negotiation and approved by the Chairman under company authority.

What is the exact location of the land?

Located at Yüeh Lo Sec. 0068-0001 and 0068-0004, East District, Tainan City.

Did this transaction require audit committee approval?

No, it was approved at the Chairman level and did not require audit committee consent.

AI News NQ Analysis

【Far Eastern Department Stores】Announcement of Acquiring Right-of-Use Asset from Related Party

NQ Score 73/100

N1 Content Completeness 9

AI Summary (NQ-processed)

Far Eastern Department Stores announces the acquisition of a right-of-use asset from its subsidiary, Bai Ding Investment Co., Ltd. The asset involves land in Tainan City’s East District, with a total transaction value of NT$29,846,137 and a lease term of 3 years. This is a related-party transaction.

AI Analysis

Frequently Asked Questions

Q: What is the purpose of this transaction?: A: To acquire right-of-use assets for business operations and optimize group asset efficiency.
Q: How was the transaction price determined?: A: The price was set through negotiation and approved by the Chairman under company authority.
Q: What is the exact location of the land?: A: Located at Yüeh Lo Sec. 0068-0001 and 0068-0004, East District, Tainan City.
Q: What is the lease term?: A: The lease period is 3 years.
Q: Did this transaction require audit committee approval?: A: No, it was approved at the Chairman level and did not require audit committee consent.