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TPE:5522

4 stories mentioning TPE:5522Updated 27d ago

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Asia

Farglory Land Development Unit Approves Cash Capital Increase

Farglory Land Development's (TPE:5522) subsidiary has approved a cash capital increase through the issuance of 18 million shares at NT$10 per share, raising a total of NT$180 million, according to a Monday filing with the Taiwan Exchange.The property developer said 90% of the new shares will be subscribed pro rate by existing shareholders, while 1.8 million shares will be reserved for employees.Proceeds will be used to expand the subsidiary's capacity to undertake construction contracts.

TPE:5522
Asia

Farglory Land Development Grants Construction Contract to Affiliate

Farglory Land Development (TPE:5522) awarded a construction contract worth NT$2.76 billion for a development project on its own land in Taichung, Taiwan, according to a Monday Taiwan Exchange filing.The contract was awarded to affiliate Tung Yuan Construction.The project is part of Farglory's land development activities aimed at expanding revenue, the company said.

TPE:5522
Asia

Farglory Land Reports Q1 Profit of NT$1.4 Billion

Farglory Land Development (TPE:5522) posted a net profit attributable to owners of NT$1.38 billion in the first quarter, or NT$1.76 per basic share, according to a Wednesday disclosure on the Taiwan Exchange.Shares slid nearly 1% in Thursday's late morning trade.The property developer did not provide comparative year-ago figures.Operating revenue amounted to NT$5.66 billion, it said.

TPE:5522
Asia

Farglory Land Development OKs NT$3.8 Billion Construction Project

Farglory Land Development (TPE:5522) approved a NT$3.8 billion construction contract for a project in Tainan's East District, according to a Monday Taiwan Exchange filing.Shares slid over 1% in Tuesday's late morning trade.The contract involves a joint venture to develop land in the Dongguang Section, with work to be carried out by its unit, Farglory Construction.The project is expected to support future revenue growth upon completion.The company did not disclose a timeline for the project.

TPE:5522

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