Events:
Jinan Lupang, a subsidiary, buys land. The company received a report from Jinan Lubang Real Estate Co., Ltd., a holding subsidiary, that Jinan Lubang recently won three state-owned construction land use rights to the south of Sports South Road extension and to the west of Fenghuang Road in Jinan High-tech Zone for residential and commercial housing construction. Specifically: serial number: 2011-G065, land area: 23086 square meters, use: residential, total price: 187000000 yuan; serial number: 2011-G066, land area: 38900 square meters, use: residential, total price: 309250000 yuan; serial number: 2011-G067, land area: 13548 square meters, use: commercial finance, total price: 104650000 yuan.
Comments:
Jinan Lupang buys land to improve real estate expectations. Jinan Lubang, a wholly owned subsidiary of the company, bought three pieces of land in Jinan for 601 million yuan, with a total area of 75500 square meters. As the company's real estate business has always had the problem of too little land reserve, the only project on hand is Lupang style Street in Qingdao. The purchase of these three pieces of land by the company can effectively improve the current situation that the company's real estate business can not continuously contribute to its performance.
Participate in the liquid crystal new material company Yantai Wanrun. The company participates in Yantai Wanrun and holds a 26.58% stake in the company. Yantai Wanrun is a new material company encouraged by the state, which is mainly engaged in liquid crystal intermediate system preparation, liquid crystal monomer synthesis and purification. Liquid crystal monomer is an important raw material for the production of mixed liquid crystals. Mixed liquid crystal is one of the key raw materials for the production of liquid crystal panel LCD. Secondly, the company has grown rapidly in recent years and has formed a large scale. Yantai Wanrun sold only 12 tons of liquid crystal monomer in 2005 and 47 tons in the first half of 2010, reaching the sales volume of 2008. The company's liquid crystal monomer production accounts for 10% of the international market share.
