2013-10-04

Taroko (1432) Company is optimistic about the signing of cross-strait service trade and the real estate ban policy of the Financial Regulatory Commission, and enters the commercial office market with a professional commercial real estate development and management team, and entrusts Cathay Securities to sponsor a cash capital increase of NT$ 800 million to assist commercial real estate operations.
After the lifting of the ban on real estate investment by the FSC, life insurance companies will return to the real estate market with abundant funds, which will help increase the investment demand for commercial real estate.
Aiming at the future growth momentum of the commercial real estate market, Taroko actively transforms and lays out commercial real estate, and sees the favorable conditions such as the gradual improvement of the general environment and the opening up of government policies, and increases the capital of 800 million yuan through cash, in addition to the first Caoya Road development in Asia, it will be used for the operation planning and land development project capital needs of shopping malls that Taroko and partners are negotiating cooperation with.
Taroko started as a textile company, and in recent years has actively transformed into a commercial real estate development and operation industry. In view of professional corporate governance and transformation, the company hired professional outside directors to strengthen corporate governance, and appointed Cai Mingzhang, chairman of the Republic of China Shopping Center, and Guo Darui, general manager of Frontage Mao, as the responsible supervisors of real estate development and operation.
With the signing of the cross-strait service trade agreement, it is expected that more mainland securities companies, insurance companies, medical care, tourism and other service providers will set up in Taiwan in the future, which will help improve the growth momentum of Taiwan’s commercial real estate market. In addition, the huge number of tourists from mainland China traveling to Taiwan has brought positive benefits to commercial offices and hotels.
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