6671 Sanneng-KY: Subsidiary Announces Planned Land Acquisition in Indonesia
AI Summary (NQ-processed)
Sanneng-KY has announced that its subsidiary, PT. Sanneng Asia Industry Indonesia, plans to acquire land within the Tefa Industrial Park in Subang Regency, West Java, Indonesia. The total transaction value is up to USD 2.83 million (excluding tax), representing a strategic investment to support business expansion.
AI Analysis
Frequently Asked Questions
Q: Where exactly is the land being acquired by Sanneng-KY's subsidiary?
A: Located in Tefa Industrial Park, Gunungsembung, Pagaden, Subang Regency, West Java, Indonesia.
Q: What is the purpose of this land acquisition?
A: A strategic investment to strengthen manufacturing and logistics infrastructure for business expansion.
Q: What is the transaction amount and how is the exchange rate calculated?
A: Up to USD 2.83 million (excluding tax), using Taiwan Bank's average exchange rate on June 25, 115.
Q: Is this a related-party transaction?
A: No, the counterparty is not a related party, and pricing was based on market terms.
Q: Who approved this transaction?
A: Approved by Sanneng-KY's Board of Directors and Audit Committee on June 26, 115.