Fubon Securities Acquires Right-of-Use Assets from Zhong Xing Development Co., Ltd.
Original: 富邦金控代子公司富邦證券公告取得「忠興開發股份有限公司」 之使用權資產
Summary
Fubon Financial Holdings disclosed, on behalf of its subsidiary Fubon Securities, the acquisition of right-of-use (ROU) assets associated with Zhong Xing Development Co., Ltd. Under IFRS 16, this recognition typically reflects a new or amended lease agreement under which Fubon Securities will occupy or use property controlled by Zhong Xing Development. The financial magnitude and lease term are not determinable from the subject line alone; full details are available on MOPS.
Full Translation
Fubon Financial Holdings (2881), acting on behalf of its subsidiary Fubon Securities Co., Ltd., announces the acquisition of right-of-use assets pertaining to Zhong Xing Development Co., Ltd. (忠興開發股份有限公司). In accounting terms, 'right-of-use assets' (使用權資產) arise under IFRS 16 / IFRS-as-adopted-in-Taiwan (IAS 17 successor) when a lessee enters into or modifies a lease; the lessee recognises both a ROU asset and a corresponding lease liability on its balance sheet. Accordingly, this disclosure most likely reflects Fubon Securities entering into a new lease — or a lease modification triggering remeasurement — for premises or facilities owned or managed by Zhong Xing Development. The parent company, Fubon Financial, is filing this material-information notice as the TWSE-listed entity on behalf of its unlisted brokerage subsidiary. [Body not available — subject line only. See MOPS for full announcement.]