Cathay Real Estate Development Co.,Ltd. Announces the Acquisition of Real Property at 1th Subscetion, Lot Sub-City Center, Xinzhuang District, New Taipei City
March 29, 2024 at 09:16 am
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Cathay Real Estate Development Co.,Ltd. announced the acquisition of real property located at 1th Subscetion, Lot Sub-city
Center, Xinzhuang District, New Taipei City. Land area amount:2,007.36 square meters, equivalent to 607.23 ping Transaction price: TWD 1,202,335,200,unit price: TWD 1,980,000. Trading counterparty and its relationship with the Company: Kindom Construction Corp.& 10 natural persons. Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: 1st payment: 30% of transaction amount; 2nd payment: 50% of transaction amount; 3th payment: 20% of transaction amount. Date of occurrence of the event: March 29, 2024.
CATHAY REAL ESTATE DEVELOPMENT CO., LTD. is a Taiwan-based company principally engaged in the property construction, development and distribution of residential buildings. The Company also provides leasing service and labor service. The Company's products mainly include elevator residential buildings. The Company conducts its businesses primarily in Taiwan.
Cathay Real Estate Development Co.,Ltd. Announces the Acquisition of Real Property at 1th Subscetion, Lot Sub-City Center, Xinzhuang District, New Taipei City