1. Name and nature of the subject property (e.g., land located at XX Section, XX Minor Section, North District, Taichung City): Land located in Taifa Industrial Park, Gunungsembung, Pagaden, Subang Regency, West Java, Indonesia.
2. Date on which the fact occurred: June 26, 2026 ~ June 26, 2026
3. Date approved by the Board of Directors: June 26, 2026
4. Other approval dates: Not applicable
5. Quantity of units (e.g., XX square meters, equivalent to XX ping), unit price, and total transaction amount: Total transaction amount: Up to USD 2.83 million (exclusive of tax) Actual quantity, unit price, and total transaction amount will be determined upon final contract signing.
6. Counterparty and its relationship with the company (if the counterparty is an individual and not a related party, name disclosure may be omitted): Counterparty: PT. Taifa Jaya Development Relationship with the company: Not a related party
7. If the counterparty is a related party, state the reason for selecting such party, previous transferor, relationship among the company, counterparty, and previous transferor, transfer date, and transfer amount: Not applicable
8. If the property’s owner within the past five years was a related party of the company, disclose the date and price of acquisition/disposal and the relationship with the company at the time: Not applicable
9. Estimated gain (or loss) on disposal (not applicable for asset acquisition) (if deferred, provide details of recognition): Not applicable
10. Delivery or payment terms (including payment schedule and amounts), contractual restrictions, and other important agreements: Delivery or payment terms: As stipulated in the sales contract Contractual restrictions: None Other important agreements: None
11. Method of transaction determination (e.g., bidding, comparison, negotiation), reference basis for price determination, and decision-making body: Method: Negotiation between both parties Price reference basis: Market conditions Decision-making body: Board of Directors
12. Name of professional appraiser firm or company and appraisal value: KJPP RONNY NASRUN ADNAN DAN REKAN IDR 49,688,650,000 (approximately USD 2,776,948)
13. Name of professional appraiser: R.N. Adnan, Dipl. Ing, M. Sc, Ph.D, MAPPI, Cert.
14. Appraiser’s license number: P-1.09.00197
15. Whether the appraisal report reflects a limited, specific, or special price: No or not applicable
16. Whether the appraisal report has not yet been obtained: No or not applicable
17. Reason for not obtaining the appraisal report: Not applicable
18. If there is a significant difference in appraisal results, explain the reason and include auditor’s opinion: Not applicable
19. Name of accounting firm: Not applicable
20. Name of accountant: Not applicable
21. Accountant’s license number: Not applicable
22. Broker and brokerage fees: Not applicable
23. Specific purpose or use of the acquisition or disposal: To meet business development and operational needs
24. Opinion of any director who objected to the transaction: None
25. Whether this transaction is a related-party transaction: No
26. Date of supervisor approval or audit committee consent: June 26, 2026
27. Whether the transaction involves acquiring real estate or right-of-use assets from a related party: No
28. Valuation price under Article 16 of the “Regulations on the Acquisition or Disposal of Assets by Publicly Issued Companies”: Not applicable
29. Valuation price under Article 17 of the same regulations if the valuation under the previous item is lower than the transaction price: Not applicable
30. Previous date on which material information was disclosed regarding the same event: Not applicable
31. Other explanatory matters: USD exchange rate based on Taiwan Bank’s closing average rate of 31.85 on June 25, 2026, for conversion to TWD IDR exchange rate based on Taiwan Bank’s closing average rate of 0.00178 on June 25, 2026, for conversion to TWD
FACT BOX
- Source: PR Times
- Category: News
- Organizations: PT. Taifa Jaya Development