Chang Luo International to Acquire Right-of-Use Assets from Related Party Wafer Works
Original: 代子公司長洛國際(股)公司公告向關係人旺矽科技(股)公司 取得使用權資產
Summary
MPI Corporation (6223) is filing this disclosure on behalf of its subsidiary Chang Luo International Co., Ltd., which is entering into a right-of-use asset acquisition (i.e., a lease arrangement under IFRS 16) with Wafer Works Corporation (旺矽科技, TWSE: 6182), a related party. Because the counterparty is a related party, the transaction triggers TWSE material-information disclosure requirements and warrants scrutiny for arm's-length pricing. Full body available on MOPS.
Full Translation
MPI Corporation announces on behalf of its subsidiary Chang Luo International Co., Ltd. (長洛國際股份有限公司) that Chang Luo International is acquiring right-of-use assets from Wafer Works Corporation (旺矽科技股份有限公司), a related party. Under IFRS 16, right-of-use assets are recognised when a lessee enters into a qualifying lease; accordingly, this announcement reflects Chang Luo International entering into a lease agreement with Wafer Works Corp. as lessor. Because Wafer Works is identified as a 關係人 (related party) of the MPI group, the transaction is subject to Taiwan's related-party disclosure rules and must be reported as a material event. Investors should review the full MOPS filing for lease term, lease payments, the nature of the underlying asset, and any board or audit-committee approval details. [Body not available — subject line only. See MOPS for full announcement.]