After Chongqing, Tianyu Real Estate acquired 880 million yuan in Zhuhai Gaolan Port

2019-12-31 Source: Huanggang Real Estate Views: 27

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News: Tianyu Real Estate (Holdings) Co., Ltd. announced that it has acquired a piece of land in Zhuhai.

Viewpoint Real Estate New Media understands that Tianyu Real Estate will acquire 100% equity of Zhuhai Real Estate Co., Ltd., a subsidiary of Heshan Real Estate Co., Ltd., and shareholder loans through Nanning Tianyu Jurong Real Estate Co., Ltd. at a consideration of 880 million yuan.

Data show that Zhuhai Real Estate was established in December 2017. As of the end of October this year, the company's total assets were approximately 1.29 billion yuan, net assets were approximately -17 million yuan, while operating income was approximately 37,000 yuan, loss before tax was approximately 500,000 yuan, and loss after tax was approximately 370,000 yuan. .

Zhuhai Real Estate's main asset is a piece of land located in Pingsha New Town, Gaolan Port Economic Zone, Zhuhai. The land area of the plot is about 80,000 square meters. The nature of the land is for other general commercial housing. The total construction area is not more than 220,000 square meters. The land use right is valid for 70 years, that is, January 2, 2018 to January 2088. 1st.

According to the plan, a construction area of 22,000 square meters needs to be allocated on the plot as a talented housing and public rental housing, and it is transferred to the local government without compensation. In addition, as of now, Zhuhai Real Estate has mortgaged the land to a Chinese trust company to obtain a loan of 650 million yuan.

Tianyu Real Estate said that the company plans to develop the land as a commercial housing.

On November 6, Tianyu Jurong, an indirect wholly-owned subsidiary of Tianyu Real Estate, acquired the entire equity of Chongqing Zhongyuan, a wholly-owned subsidiary of Chongqing Zotye, for a consideration of 650 million yuan. The target asset for the acquisition is a piece of land with an area of approximately 134,400 square meters, which is located in Xinsheng Village, Tancheng Street, Laoshan District, Chongqing, China.

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