Announced details
Real estate brokerage, overseas real estate transactions, responding to inbound and outbound demand, and franchising
The Company made a general investment in CTCAP and acquired 10% of its issued shares. The Company will strengthen business cooperation through the investment.
CTCAP is based in Malaysia. CENTURY 21’s international headquarters has granted it sub-franchise rights in 11 countries and regions: Taiwan, Indonesia, Singapore, Hong Kong, Macau, South Korea, Thailand, Vietnam, the Philippines, Brunei and Laos. Its major shareholders and strategic partners are Overseas Venture Management Ltd. (OVM) and Charlwood International Corporation (CIC).
Malaysia, and Taiwan, Indonesia, Singapore, Hong Kong, Macau, South Korea, Thailand, Vietnam, the Philippines, Brunei and Laos, where CTCAP holds development rights
The impact on the Company’s results for the current fiscal year will be immaterial. Over the medium to long term, the Company aims to increase franchisee sales and enhance corporate value.
The company does not address Contract Value / Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | CENTURY 21 brand franchising and related services |
| Counterparty | CTC Asia Pacific Management Ltd. (CTCAP) |
| Counterparty overview | CTCAP is based in Malaysia. CENTURY 21’s international headquarters has granted it sub-franchise rights in 11 countries and regions: Taiwan, Indonesia, Singapore, Hong Kong, Macau, South Korea, Thailand, Vietnam, the Philippines, Brunei and Laos. Its major shareholders and strategic partners are Overseas Venture Management Ltd. (OVM) and Charlwood International Corporation (CIC). |
| Relationship with the Company | The Company made a general investment in CTCAP and acquired 10% of its issued shares. The Company will strengthen business cooperation through the investment. |
| Applicable area | Real estate brokerage, overseas real estate transactions, responding to inbound and outbound demand, and franchising |
| Location | Malaysia, and Taiwan, Indonesia, Singapore, Hong Kong, Macau, South Korea, Thailand, Vietnam, the Philippines, Brunei and Laos, where CTCAP holds development rights |
| Location scale | Development rights in 11 Asian countries and regions |
| Impact on Business Performance | The impact on the Company’s results for the current fiscal year will be immaterial. Over the medium to long term, the Company aims to increase franchisee sales and enhance corporate value. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To strengthen cooperation with national headquarters and franchisees across Asia and expand domestic franchisees’ inbound and outbound businesses, overseas-related revenue and the Company’s service-fee revenue.