Gester Instruments | Professional Textile, Footwear and PPE Testing Equipments Manufacturers Since 1997
The Youngor Textile City plot was acquired by 1.16 billion yuan
Textile Industry Information: The Youngor Textile City plot was acquired by 1.16 billion yuan. Yesterday, Youngor issued an announcement stating that the company and Ningbo Yinzhou District Land Reserve Center (hereinafter referred to as the 'Reserve Center') signed the 'Yinzhou District State-owned Construction Land Use Right Acquisition Contract' (hereinafter referred to as the 'Acquisition Contract'). The Reserve Center intends to purchase and reserve the company's industrial land (ie the textile city plot) located in Shiqi Village and Jianzhuang Village, Shiqi Street. The total land area is 307,200 square meters, and the total purchase price is 1.163 billion yuan. It is understood that Ningbo Rongye Real Estate Appraisal Co., Ltd. was entrusted by the Reserve Center to assess the land and above-ground buildings of the Youngor Textile City plot on February 9, 2015, with a total value of 1.17 billion yuan. After negotiation between Youngor and the Reserve Center, referring to the total estimated price of Ningbo Rongye Real Estate Appraisal Co., Ltd., and deducting 7.297 million yuan of building demolition residual value, it was determined that the compensation fee for the acquisition of land and above-ground buildings was 1.163 billion yuan. According to industry insiders, the acquisition of the land storage center may be mainly due to overall planning considerations. The acquired land will be supplied to the market in the form of bidding and other forms. According to the announcement, the purpose and business scope of the Land Reserve Center in Yinzhou District, Ningbo City include the management and management of government-reclaimed land, the calculation of reserve land funds, and business invitation negotiations; obtaining land acquisition funds from financial institutions through mortgage loans, etc., and use management . Youngor expects that this transaction will generate an after-tax profit of approximately 570 million yuan, which will have a positive impact on the company's performance. In addition, the company emphasized that it has established a woolen industry production base in Shengzhou City, Zhejiang Province. The production line originally operated on the textile city plot has been completely relocated to the Shengzhou base and normal production has begun. The production lines of Shengzhou Shengtai Yarn-dyed Technology Co., Ltd. and Shengzhou Shengtai Knitting Co., Ltd., which were originally produced and operated in the textile city plot, have basically been relocated. Youngor's operating income in the first three quarters of last year fell by 8.67% year-on-year, and its net profit increased by 48.66% year-on-year. Among them, the real estate development business due to the decrease in the gross profit of the carry-over project and the sale of Luyu Investment and the purchase of Yaojing real estate immediately reflected the loss of the Baicuiwan project, and the net profit achieved was 29.36% lower than the same period of the previous year.
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