Rent reduction terms for the third plant site and the risk of failing to meet the foreign investment plan
First written in FY2016-Q3. 3 of 5 entries say "Restated". Latest entry: FY2019.
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- FY2019RestatedAnnual report
「Under the foreign investment agreement described above, cumulative investment since the agreement date has exceeded $7,896,651, and the conditions in the foreign investment plan are therefore being met.」
The company continues to meet the foreign investment amount condition required for the reduction of rent on the site of the third plant. - FY2018MitigatedAnnual report
「Under the foreign investment agreement described above, cumulative investment since the agreement date has exceeded $7,896,651, and the conditions in the foreign investment plan are therefore being met.」
It has been confirmed that the foreign investment amount exceeds $7,896,651, satisfying the condition for the reduction of rent on the site of the third plant. - FY2017RestatedAnnual report
「The rent reduction provision states that land rent will be reduced if foreign investment funds exceed $7,896,651 by 20 October 2021. The agreement may be terminated if the foreign investment plan set out in the factory establishment business agreement submitted with the occupancy agreement application is not fulfilled, or if the foreign investors' ownership interest falls below 30% after the occupancy agreement is executed, among other cases.」
For the site of the third plant, the document continues to state the deadline condition requiring foreign investment funds to exceed $7,896,651 and the possibility of contract termination if the investment plan is not fulfilled or foreign ownership falls below 30%. - FY2016RestatedAnnual report
「The rent reduction provision states that land rent will be reduced if foreign investment funds exceed $7,896,651 by 20 October 2021. The agreement may be terminated if the foreign investment plan set out in the factory establishment business agreement submitted with the occupancy agreement application is not fulfilled, or if the foreign investors' ownership interest falls below 30% after the occupancy agreement is executed, among other cases.」
For the site of the third plant, the document continues to state the rent reduction condition of foreign investment funds exceeding $7,896,651 by 20 October 2021, and the possibility of contract termination if the investment plan is not fulfilled or foreign ownership falls below 30%. - FY2016-Q3First statedAnnual report
「The rent reduction provision states that land rent will be reduced if foreign investment funds exceed $7,896,651 by 20 October 2021. The agreement may be terminated if the foreign investment plan set out in the factory establishment business agreement submitted with the occupancy agreement application is not fulfilled, or if the foreign investors' ownership interest falls below 30% after the occupancy agreement is executed, among other cases.」
The land rent reduction is conditional on foreign investment funds exceeding $7,896,651 by 20 October 2021, and the agreement may be terminated if the investment plan is not fulfilled or the foreign investors' ownership interest falls below 30%.