Transcend Information: on behalf of Transcend Information (Shanghai), Ltd. to disclose the expropriation of land use rights


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Provided by: Transcend Information, Inc.

SEQ_NO

3

Announcement date

2021/11/26

Announcement time

20:11:36

Topic

 On behalf of Transcend Information (Shanghai),
Ltd. to disclose expropriation of land use rights

Date of events

2021/11/25

What element he responds to

paragraph 20

Declaration

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
Land use right, buildings and accessories of 106/17
Qiuzhi, 2nd Neighborhood, Xidu Town, Fengxian, Shanghai
2.Date of occurrence of the event:2021/11/25
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Land use right: 49,979 square meters
Buildings: 36,970.7 square meters, and accessories
Total transaction price: RMB 125 million
4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of
the Company, the name of the trading counterparty is not required to be
disclosed):
Trading counterparty: Shanghai Fengpu Industrial Park
Fengxian Comprehensive Bonded Zone
(Shanghai Minhang Export Processing Zone Development Co.,Ltd.)
its relationship with the company:NA
5.Where the trading counterparty is a related party, announcement shall also
be made of the reason for choosing the related party as trading counterparty
and the identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of
transfer:NA
6.Where an owner of the underlying assets within the past five years has
been a related party of the Company, the announcement shall also include the
date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:NA
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):There are some related disposal expenses and taxes
incurred on the case. Actual gain(loss) will be assured after audit.
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
In accordance with the contract
9.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the
decision on price, and the decision-making unit:
In accordance with the contract
10.Name of the professional appraisal firm or company and
its appraisal price:NA
11.Name of the professional appraiser:NA
12.Practice certificate number of the professional appraiser:NA
13.The appraisal report has a limited price, specific price,
or special price:NA
14.An appraisal report has not yet been obtained:NA
15.Reason for an appraisal report not being obtained:NA
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:NA
17.Name of the CPA firm:NA
18.Name of the CPA:NA
19.Practice certificate number of the CPA:NA
20.Broker and broker's fee:NA
21.Concrete purpose or use of the acquisition or disposal:
In conjunction with the policy formulation
22.Any dissenting opinions of directors to the present transaction:No
23.Whether the counterparty of the current transaction is a
related party:No
24.Date of the board of directors resolution:NA
25.Date of ratification by supervisors or approval by
the audit committee:NA
26.The transaction is to acquire a real property or right-of-use
asset from a related party:No
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:NA
28.Where the above assessed price is lower than the transaction price,
the price assessed in accordance with the Article 17 of the same
regulations:NA
29.Any other matters that need to be specified:None.

Disclaimer

Transcend Information Inc. published this content on November 26, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 26, 2021 12:29:01 PM UTC.

Public now 2021

All news on TRANSCEND INFORMATION, INC.
Sales 2020 11,447 million
411 M
411 M
2020 net income 1,198 million
43.0 M
43.0 M
2020 net cash position 9,822 million
353 million
353 million
PER 2020 ratio 23.3x
Yield 2020 4.69%
Capitalization 29 766 million
1,067 million
1,068 million
VE / Sales 2019 1.71x
VE / Sales 2020 1.58x
Number of employees
Free float 41.3%

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