Farglory Announces Signing of Construction Contract for Residential Tower in Taichung's Xitun District
AI Summary (NQ-processed)
Farglory has signed a construction contract with Tung Yuan Construction Engineering Co., Ltd., a group company, for the main works of a residential tower project in Hui Guo Segment, Xitun District, Taichung City. The total contract value is NT$2,763,495,000, aimed at expanding business revenue.
AI Analysis
Frequently Asked Questions
Q: Where is this project located?
A: The project is located in Hui Guo Segment, Xitun District, Taichung City.
Q: What is the contract value?
A: The total contract amount is NT$2,763,495,000 (approximately USD 84 million).
Q: Who is the contractor?
A: The contract was signed with Tung Yuan Construction Engineering Co., Ltd., a group company.
Q: What is the purpose of this transaction?
A: To expand business revenue and strengthen real estate development portfolio.
Q: Has construction started?
A: The contract was signed on June 22, 2026, with construction to begin shortly.