United Renewable Energy: Board of Directors decides to acquire EPC for a solar project



Provided by: United Renewable Energy Co., Ltd.



Announcement date


Announcement time



 Board of Director decide to acquire EPC for solar project

Date of events


What element he answers

paragraph 20


1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):EPC for solar project
2.Date of occurrence of the event:2021/11/24~2021/12/27
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
NT$ 352,827 thousand/set (including tax) and
NT$ 352,827 thousand totally (including tax)
4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of
the Company, the name of the trading counterparty is not required to be
disclosed):NSP System Development Corp. subsidiary of URE
5.Where the trading counterparty is a related party, announcement shall also
be made of the reason for choosing the related party as trading counterparty
and the identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of
Reason for choosing:Solar system development specialized in EPC and O&M of
the system project, with relevant experiences.
6.Where an owner of the underlying assets within the past five years has
been a related party of the Company, the announcement shall also include the
date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:N/A
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):N/A
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:N/A
9.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the
decision on price, and the decision-making unit:
The Board of Directors resolved this transaction.
10.Name of the professional appraisal firm or company and
its appraisal price:N/A
11.Name of the professional appraiser:N/A
12.Practice certificate number of the professional appraiser:N/A
13.The appraisal report has a limited price, specific price,
or special price:N/A
14.An appraisal report has not yet been obtained:N/A
15.Reason for an appraisal report not being obtained:N/A
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:N/A
17.Name of the CPA firm:N/A
18.Name of the CPA:N/A
19.Practice certificate number of the CPA:N/A
20.Broker and broker's fee:N/A
21.Concrete purpose or use of the acquisition or disposal:
Construction of solar project.
22.Any dissenting opinions of directors to the present transaction:N/A
23.Whether the counterparty of the current transaction is a
related party:YES
24.Date of the board of directors resolution:2021/12/27
25.Date of ratification by supervisors or approval by
the audit committee:2021/12/27
26.The transaction is to acquire a real property or right-of-use
asset from a related party:NO
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:N/A
28.Where the above assessed price is lower than the transaction price,
the price assessed in accordance with the Article 17 of the same
29.Any other matters that need to be specified:N/A


United Renewable Energy Co. Ltd. published this content on December 27, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 27, 2021 09:06:00 AM UTC.

Public now 2021

Sales 2020 12,511 million
452 million
452 million
2020 net income -6,139 M
-222 million
-222 million
Net debt 2020 7,485 million
270 million
270 million
PER 2020 ratio -6.18x
2020 yield
Capitalization 34 920 million
1,258 million
1,262 million
VE / Sales 2019 1.94x
VE / Sales 2020 3.63x
Number of employees 3 131
Free float 85.1%

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