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Hainan Expressway: Hainan Danzhou Dongpo Yaju Real Estate Co., Ltd. successfully attracted investment for six land parcels, with a listing price of 609 million yuan.
Hainan Expressway Announcement: The company’s wholly-owned subsidiary, Hainan Danzhou Dongpo Yaju Real Estate Co., Ltd., is publicly listing six land parcels and their above-ground buildings for investment and cooperation. The listing price is 609 million yuan, and the transaction price is 609 million yuan. The partners are Hainan Yuyin Hui Investment Co., Ltd. and the Green City Real Estate Construction Management Group Co., Ltd. joint venture. Danzhou company will not bear the subsequent development costs of the project but has the right to prioritize cost recovery, as well as the right to be informed and supervise the project. The cooperation period is 10 years from the effective date of the “Project Cooperation and Development Contract.” Regarding profit distribution, the investor has the priority right to extract profits equal to their investment costs. The net repayment distribution ratio and usage are as follows: in the first year, the investor extracts 30%; from the second year onward, 40% annually.