﻿{"id":23641,"date":"2026-01-23T20:55:23","date_gmt":"2026-01-23T12:55:23","guid":{"rendered":"https:\/\/www.snc.com.tw\/?p=23641"},"modified":"2026-01-26T14:04:39","modified_gmt":"2026-01-26T06:04:39","slug":"on-behalf-of-subsidiaries-snc-singapore-to-sell-the-vessel-kondor","status":"publish","type":"post","link":"https:\/\/www.snc.com.tw\/en\/on-behalf-of-subsidiaries-snc-singapore-to-sell-the-vessel-kondor\/","title":{"rendered":"On behalf of subsidiaries-SNC (Singapore): To sell the Vessel &#8220;Kondor&#8221;."},"content":{"rendered":"<p>1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):<br \/>\n&emsp;\u201dKondor\u201d  Very Large Crude Carrier, 296,428 DWT.<br \/>\n2.Date of occurrence of the event:2026\/01\/23<br \/>\n3.Date of the board of directors resolution:2026\/01\/23<br \/>\n4.Other approval date:NA<br \/>\n5.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:<br \/>\n&emsp;One Oil Tanker for US$78,400,000-<br \/>\n6.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and<br \/>\n&emsp;furthermore is not a related party of the Company, the name of the trading counterparty is not required to be<br \/>\n&emsp;disclosed):<br \/>\n&emsp;Sinokor Maritime co., Ltd., non-related party.<br \/>\n7.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing<br \/>\n&emsp;the related party as trading counterparty and the identity of the previous owner, its relationship with the<br \/>\n&emsp;Company and the trading counterparty, and the previous date and monetary amount of transfer:NA<br \/>\n8.Where an owner of the underlying assets within the past five years has been a related party of the Company,<br \/>\n&emsp;the announcement shall also include the date and price of acquisition and disposal by the related party, and<br \/>\n&emsp;its relationship with the Company at the time of the transaction:<br \/>\n&emsp;\u201dKondor\u201d belonged to Kenmore Shipping Inc., 100% subsidiary of the Company.<br \/>\n&emsp;In accordance with strategy from group, the board of directors decided to sell the Vessel to Sincere Navigation<br \/>\n&emsp;Corporation (Singapore) Pte. Ltd., 100% subsidiary of the Company, at USD 68M on 2026\/1\/23.<br \/>\n9.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should<br \/>\n&emsp;provide a table explaining recognition):<br \/>\n&emsp;Anticipated gain would be US$11.67M approximately.<br \/>\n10.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the<br \/>\n&emsp;contract, and other important terms and conditions:<br \/>\n&emsp;10% deposit within 3 business days after signing and 90% balance within 3 business days after delivery.<br \/>\n11.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price<br \/>\n&emsp;negotiation), the reference basis for the decision on price, and the decision-making unit:<br \/>\n&emsp;Bargain.<br \/>\n&emsp;The board of directors.<br \/>\n12.Name of the professional appraisal firm or company and its appraisal price:<br \/>\n&emsp;Arrow Valuations, US$76,250,000.<br \/>\n&emsp;Clarksons Valuations US$75,500,000.<br \/>\n13.Name of the professional appraiser:NA<br \/>\n14.Practice certificate number of the professional appraiser:NA<br \/>\n15.The appraisal report has a limited price, specific price, or special price:NA<br \/>\n16.An appraisal report has not yet been obtained:NA<br \/>\n17.Reason for an appraisal report not being obtained:NA<br \/>\n18.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA<br \/>\n19.Name of the CPA firm:NA<br \/>\n20.Name of the CPA:NA<br \/>\n21.Practice certificate number of the CPA:NA<br \/>\n22.Broker and broker&#8217;s fee:<br \/>\n&emsp;Kairos Marine Limited US$784,000.<br \/>\n&emsp;Clarksons &#038; Company Limited  US$784,000.<br \/>\n23.Concrete purpose or use of the acquisition or disposal: Vessel replacement.<br \/>\n24.Any dissenting opinions of directors to the present transaction:NO<br \/>\n25.Whether the counterparty of the current transaction is a related party:NO<br \/>\n26.Date of ratification by supervisors or approval by the audit committee:NA<br \/>\n27.The transaction is to acquire a real property or right-of-use asset from a related party:NO<br \/>\n28.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal<br \/>\n&emsp;of Assets by Public Companies:NA<br \/>\n29.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the<br \/>\n&emsp;Article 17 of the same regulations:NA<br \/>\n30.Date on which material information regarding the same event has been previously released:2026\/01\/23<br \/>\n31.Any other matters that need to be specified:The transaction is aiming to be completed by the end of April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City): &emsp;\u201dKondor\u201d Very Large Crude Carrier, 296,428 DWT. 2.Date of occurrence of the event:2026\/01\/23 3.Date of the board of directors resolution:2026\/01\/23 4.Other approval date:NA 5.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: &emsp;One Oil [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/23641"}],"collection":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/comments?post=23641"}],"version-history":[{"count":5,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/23641\/revisions"}],"predecessor-version":[{"id":23659,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/23641\/revisions\/23659"}],"wp:attachment":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/media?parent=23641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/categories?post=23641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/tags?post=23641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}