Zhitong Financial APP News, Jingwei shares (002662.SZ) announcement, the company shares Shenzhen Wuzhou Dragon held on September 16, 2023 on Shenzhen Wuzhou Dragon integration, planning, development of the shareholders' meeting.
According to the announcement, Shenzhen Wuzhou Dragon is currently located in Longgang District, Shenzhen, with a land area of 95100 square meters and a construction area of 83500 square meters, which meets the declaration conditions of the category of "Urban Renewal" in the examination and approval implementation Plan of the "Industrial Housing" Project in Shenzhen. Shenzhen Longgang District Urban Construction Investment Group has issued a preliminary research report on the Shenzhen Wuzhou Dragon "Industrial Housing" project, with an overall planning area of 482500 square meters (including residential area of 143500 square meters, industrial plant and industrial supporting area of 339000 square meters). The Intermediate people's Court of Shenzhen City, Guangdong Province ruled that Shenzhen Wuzhou Dragon entered the bankruptcy procedure on June 20, 2023. Shenzhen Wuzhou Dragon currently involves a debt of about 380 million yuan, and the overall debt risk is controllable.
According to the announcement, Shenzhen Wuzhou Dragon will introduce capital injection from strategic investors (including industrial investors) or shareholder capital increase to resolve debt issues and develop industrial housing projects; make full use of the Shenzhen Municipal Government's "industrial upstairs" policy to restart the construction of Shenzhen Wuzhou Dragon's headquarters base and hydrogen energy automobile industrial park on the original industrial land; build hydrogen energy vehicle R & D, production and sales headquarters. Under the same conditions, we will give priority to entrusting Longgang City Investment Company to be responsible for the application, cooperation and construction of Shenzhen Wuzhou Dragon "Industrial Housing" project.
At present, the company has made full provision for impairment of the long-term equity investment held by Shenzhen Wuzhoulong Company. If Shenzhen Wuzhou Dragon carries out urban renewal and transformation of existing land through Shenzhen's "industrial housing" policy in the future, and the introduction of hydrogen energy automobile industry, it will have a positive impact on the company's annual profits in the future.