 2015-04-20 |
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YC's Land Sale Contributes NT$0.61 to EPS
April 18, 2015, 04:10
Reporter: Peng Xuan-yi, Taipei
YC (4306) has been actively investing in the real estate market. On April 17, the company announced the sale of land and buildings in the Linkou District, generating a profit of NT$312 million. With a capital of NT$51.27 billion, this translates to a per-share profit contribution of NT$0.61.
In line with its strategy for asset development in the Greater Taipei area, YC has also increased its investment in land in Taipei City. The company’s subsidiary, Wangzhou Construction, announced an investment of NT$476.7 million to acquire a 264.83-ping plot of land in the Beitou District of Taipei City, located at Sanhe Section 57. This land is intended for future construction and development.
YC Group President Li Zhixian revealed that, considering long-term plans, the company will look to restart land and property acquisition initiatives, focusing primarily on the Greater Taipei area. Currently, potential targets include properties near Taipei Botanical Garden and the Shijianjia area in Dazhi. If these acquisitions proceed smoothly, future projects will focus on constructing two-bedroom and 30-40 ping residential units. |
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