Board Approves Joint Construction Project with China Land International
Original: 本公司董事會決議通過與中華置地國際股份有限公司合建案
Summary
Pegatron's Board of Directors has resolved to approve a joint construction (合建) arrangement with China Land International Co., Ltd. (中華置地國際股份有限公司). Such agreements in Taiwan typically involve one party contributing land and the other providing construction financing or development expertise in exchange for an agreed share of the completed building or proceeds, making this a material real-estate or asset-development transaction. Full body available on MOPS.
Full Translation
Subject line translation: 'The Company's Board of Directors has resolved to approve a joint construction project with China Land International Co., Ltd.' — In Taiwanese corporate practice, a 合建案 (joint construction project) is a co-development arrangement in which the participating parties pool land, capital, or construction capabilities and share the resulting built assets or sale proceeds according to a negotiated ratio. The counterparty, 中華置地國際股份有限公司 (China Land International Co., Ltd.), is a real-estate-oriented entity. The board resolution indicates formal corporate approval of this arrangement as a material transaction requiring disclosure under TWSE listing rules. [Body not available — subject line only. See MOPS for full announcement.]