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FINWIRES

Sinyi Realty Unit to Undertake Property Development Projects Worth Up to NT$2 Billion

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Sinyi Realty (TPE:9940) said its board has authorized the chairman of its unit, Sinyi Development, to negotiate and sign agreements for potential real estate development projects with total land and construction costs of up to NT$2 billion.

The authorization covers joint development projects, including urban renewal, as well as government land bids in Taipei and New Taipei City, according to a Wednesday Taiwan exchange filing.

The company will share details and terms of any transaction, once the projects are confirmed.

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