Huanwei Electronics (Shanghai) Leases Property from ASE IC Manufacturing (China)
Original: 代子公司環維電子(上海)有限公司公告向日月光集成電路製造(中國)有限公司 取得不動產使用權資產
Summary
ASE Technology's subsidiary Huanwei Electronics (Shanghai) Co., Ltd. is acquiring right-of-use assets for real property from a fellow group entity, ASE Integrated Circuit Manufacturing (China) Co., Ltd. — a related-party lease transaction recorded under IFRS 16. This is an intra-group property arrangement and does not signal external M&A activity. Full body available on MOPS.
Full Translation
On behalf of its subsidiary Huanwei Electronics (Shanghai) Co., Ltd. (環維電子(上海)有限公司), ASE Technology Holding Co., Ltd. announces that Huanwei Electronics (Shanghai) is obtaining right-of-use assets for real property (不動產使用權資產) from ASE Integrated Circuit Manufacturing (China) Co., Ltd. (日月光集成電路製造(中國)有限公司). Under IFRS 16 / Taiwan IFRS 16 accounting standards, acquiring a right-of-use asset means Huanwei Electronics (Shanghai) is entering into a lease agreement for the use of real estate owned or controlled by the affiliated ASE IC Manufacturing (China) entity. Both counterparties are subsidiaries within the broader ASE Technology group, making this a related-party transaction subject to TWSE related-party disclosure rules. Investors should note the lease term, annual lease payments, and whether the transaction was conducted at arm's length — details that would be disclosed in the full announcement body. [Body not available — subject line only. See MOPS for full announcement.]