On the evening of April 13, Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) ( Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) , SH) announced that part of the land under the name of Suzhou green bank real estate development Co., Ltd. (hereinafter referred to as green bank company), the holding subsidiary of the listed company, was polluted.
The listed company said that the above matters may cause the net realizable value of some inventories of green bank company to be lower than its cost, or face economic losses, which will have an adverse impact on the company’s profits. The company is making every effort to verify and evaluate. In addition to the above matters, the company’s production and operation are in order.
many elements in soil or groundwater of some plots greatly exceed the standard
According to the announcement, green bank was established in November 2014. In October 2016, Shanghai Jiawan Asset Management Co., Ltd., a wholly-owned subsidiary of Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) and Huabao trust Anxin investment No. 20 collective fund trust plan (with Shanghai Jiaer Industrial Investment Co., Ltd., a wholly-owned subsidiary of the listed company as the inferior trustor), jointly won 95% of the equity of green bank company listed and transferred by Jiangsu Sugang Group Co., Ltd. (hereinafter referred to as Sugang group) through Shanghai United Property Rights Exchange.
On the evening of April 12, Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) learned from the “central network” that the Department of ecological environment of Jiangsu Province recently issued the handover of the second central ecological and environmental protection supervision group, involving the pollution of some land under the name of green bank company.
Lvan company holds the state-owned land use right of SUDI 2008-g-6 plot located in the north of Sutong road and the east of Sugang Road, Hushuguan Town, high tech Zone, Suzhou, with an area of about 660000 square meters and a planned total construction area of about 1.08 million square meters. It is divided into 17 sub plots, which are residential, commercial, industrial (R & D) and education. Eight of them have been developed.
Recently, green bank company accidentally found that plots 2 and 13 with educational facilities and plots 3 and 4 that have not yet been developed have serious pollution risks, and many elements in soil or groundwater exceed the standard significantly, which does not meet the original planning land standard of these plots. The total area of the four plots is about 118000 square meters.
By the end of 2021, the cumulative project investment of the four plots was about 450 million yuan, and the corresponding inventory amount was 2.242 billion yuan. As the above items are not ready for use, they have not been carried forward.
The listed company reported the land pollution to the local government department, and learned that the environmental protection department released information on April 12 to preliminarily confirm the pollution. Green bank has suspended relevant development and construction work and implemented strict management.
The listed company said that in view of the fact that the contaminated land does not meet the development conditions, the relevant development and construction work has been suspended, which may cause the net realizable value of some inventories of green bank company to be lower than its cost, or face economic losses, which will have an adverse impact on the company’s profits.
said that it could not be ruled out that the transferor made fraud at the beginning
According to the information disclosed by Suzhou iron and steel group when it was listed in August 2016, the soil and groundwater in the non coking area of the plot under the name of green bank company are basically not polluted and can be reused; The pollution in the coking area is mainly concentrated in the local area of plot 4. According to the restoration target value, it is finally determined that the depth is 0 ~ 18 meters, the pollution range is 17542 square meters, and the polluted earthwork is 39604 cubic meters.
Therefore, the listed company said that based on the trust in the listed information of equity in the open market and the reasonable trust in the administrative actions of government departments, it disclosed the relevant known information truthfully, accurately and completely according to the regulations, carefully studied and performed various compliance review procedures in accordance with the law, and won the equity of green bank through its subordinate enterprises. After the equity transaction, green bank has treated and repaired the pollution scope disclosed by Suzhou iron and steel group.
However, Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) believes that while conducting environmental investigation, the company organized special forces to check and found that in the process of regulation change and transfer of SUDI 2008-g-6 plot, it does not rule out the possibility that susteel group and environmental testing institutions are suspected of a series of violations of laws and regulations and fraud, which led to the entry of heavily polluted land into the public trading market, and concealed relevant information when listing and transferring 95% of the equity of green bank company.
At present, listed companies are conducting in-depth checks on the compliance and legitimacy of administrative examination and approval and department supervision in the process of land regulation and transfer.
In terms of response measures, Shanghai Lujiazui Finance & Trade Zone Development Co.Ltd(600663) said that a special working group was established to organize experts in law, environment, land planning and other aspects, go all out, take the lead in handling and safeguarding rights, and entrust an authority to further verify the relevant conditions of green bank’s plot.
At the same time, the company vigorously negotiated with the local government of Suzhou New District Hi-Tech Industrial Co.Ltd(600736) district and Suzhou iron and Steel Group, and reported the situation to the superior government and relevant departments level by level according to the situation. It will also strengthen investigation, verify relevant facts, take legal means to protect rights in combination with the negotiation with the responsible party, and try its best to recover the losses.
