Sunyes Electronic Manufacturing(Guangdong)Holding Co.Ltd(002388) recently announced that in order to meet the needs of the company’s medium and long-term strategic development, it plans to use its own funds to purchase Jinyang Industrial Zone in Yangcun Town, BOLUO County, Huizhou, Guangdong Province from Huizhou Caiyu microcrystalline New Material Co., Ltd. (hereinafter referred to as “Caiyu microcrystalline”), Including the land use right with a total area of 150100 square meters and the housing buildings (structures) with an area of 87800 square meters (hereinafter referred to as the “subject assets”). After negotiation, both parties have determined that the appraised value of 218534600 yuan is the transaction price of this transaction.
The announcement said that the capital source of the assets to be purchased by the company this time is the company’s own funds, which will not affect the normal development of the existing main business. This transaction is not expected to have a material impact on the company’s financial situation and operating results in the near future, but it is of certain positive significance to the company’s medium and long-term development.
The announcement said that the company’s current self owned property rights can not meet the needs of production and operation, especially the production and operation sites of the company’s two major production subsidiaries, Shenzhen Xinya new materials Co., Ltd. and Shenzhen kutek Electronic Material Technology Co., Ltd., have been in the form of leasing since 2010. At present, the leased sites may face the risk of failure to renew after expiration in the next two years. After the transaction is concluded, it can greatly alleviate the current demand for the daily production and operation land of the company and its subsidiaries and provide necessary guarantee for production and operation.
