Tatung Corporation has announced the successful sale of the Furong Building for approximately NT$13.1 billion (US$407 million), marking a significant step in its asset revitalization efforts. The company recorded the disposal gains in September, with the profits expected to bolster third-quarter results and increase net value per share.
The Furong Building, located in a prime area of Taipei, attracted nine buyers, including major developers like Puyong Construction and Haiyue International. Datong also highlighted ongoing negotiations for the sale of property on Da’an Fuxing South Road, valued at NT$9.6 billion (US$298 million). Completion by year-end would further enhance annual profits.
Tatung’s power and new energy divisions continue to perform well, contributing positively to the company’s overall growth. Despite recent concerns over past procurement irregularities, the firm emphasized that these issues stem from prior management and are undergoing legal review, with no impact on current operations or future contract bids.
