2013-08-07

Taroko (1432) announced yesterday (6) that its 100% investment in Taroko Development Co., Ltd. (hereinafter referred to as Da Luge Development) will build a large-scale development project combining theme parks and shopping malls in the north, central and south in the future, and open another 20 in Taiwan, combining baseball stadiums and shopping malls of local department stores, and make every effort to transform the layout of real estate business.
The first development project of Taroko Development is “Taroko Caoya Road”, located at the exit of Kaohsiung MRT Caoya Station, which is expected to obtain a construction license by the end of this year and officially operate in the fourth quarter of 2015. “Taroko Caoya Road” is the first car theme park in Taiwan to combine the Suzuka Karting Track, and there is also a complex shopping mall, with a rough total investment of about NT$ 4 billion. Yesterday, Taroko shares closed at NT$ 36.7 yuan, down NT$ 0.75.
Covering an area of about 26,000 pyeong, the “Taroko Kusanagi Road” will not only house Suzuka Motor Park and department stores, but also introduce a fitness factory, Guobin Cinema, French Decathlon, Game Love Park, Japan-type city-type bathing facilities, Taroko battling cage, and large-scale restaurants.
In addition, Taroko Caoya Road is planning to develop hotels in the second phase, and Cai Mingzhang, chairman of Taroko Development, said yesterday that it is currently in contact with a number of hotel operators, including Kodak Hotel, City Business Travel, etc., and will start the second phase of development as soon as possible after the hotel operators finalize.
For the first phase of the development of Taroko Caoya Road, Taroko Fiber is expected to handle a cash capital increase in the fourth quarter of this year and raise NT$ 800 million. Cai Mingzhang said that the Taroko Caoya Road is the first representative work of Taroko to set foot in real estate, and in the future, after the operation of the case, it will find suitable locations to replicate the case in Taipei and Taizhong places, and the current assessment sites include Taipei Xizhi, Nangang and the surrounding areas of the high-speed rail specific area.
In the future, Taroko also plans to turn the current 16 baseball and softball stadiums in Taiwan into local department stores, and it is expected to open 20 sports shopping malls combined with baseball and softball fields in Taiwan, and the first case can be seen in a year and a half at the earliest.
Taroko fiber is a textile industry, which has been moved to the mainland Shandong to operate dyeing and finishing, and in recent years it has turned to attack real estate in Taiwan and established Da Luge Development.
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