It is proposed to jointly invest 2.7 billion yuan to buy a building in Shanghai Inner Mongolia Eerduosi Resources Co.Ltd(600295) : for business, office and comprehensive services

On the evening of May 20, Inner Mongolia Eerduosi Resources Co.Ltd(600295) ( Inner Mongolia Eerduosi Resources Co.Ltd(600295) , SH) announced that it and Inner Mongolia Inner Mongolia Eerduosi Resources Co.Ltd(600295) Electric Power Metallurgy Group Co., Ltd. (hereinafter referred to as the electric metallurgy group) planned to purchase the office property located at No. 3 and No. 4, Lane 259, Shanxi North Road, Jing’an District, Shanghai and its 210 underground parking spaces (hereinafter referred to as the transaction object) from Shanghai Huahe Real Estate Development Co., Ltd. (hereinafter referred to as the Huahe real estate) for commercial Office and integrated services.

Inner Mongolia Eerduosi Resources Co.Ltd(600295) said that the capital source of this transaction is its own funds or supporting part of bank loans. The purchase of the subject matter of this transaction has a positive role in promoting the future development of the company and strategic significance, and will not have a significant adverse impact on the future financial status and operating results of the company. It is worth mentioning that according to the consolidated balance sheet of Listed Companies in the first quarter, the monetary capital of Inner Mongolia Eerduosi Resources Co.Ltd(600295) was 5.688 billion yuan by the end of the first quarter.

According to qixinbao, the electric Metallurgical Group is the holding subsidiary of Inner Mongolia Eerduosi Resources Co.Ltd(600295) and the shareholding ratio of Inner Mongolia Eerduosi Resources Co.Ltd(600295) is 779697%.

Inner Mongolia Eerduosi Resources Co.Ltd(600295) invested 1.345 billion

According to the announcement, according to the future development strategy and business operation needs of the listed company, Inner Mongolia Eerduosi Resources Co.Ltd(600295) and dianye group plan to purchase the transaction object from Huahe real estate with a total of 2.673 billion yuan in order to meet the needs of the brand image space display of the listed company and its subsidiaries, creative research and development of fashion industry, integrated marketing communication, new retail business operation, international business development, capital operation and other business office and business premises.

Inner Mongolia Eerduosi Resources Co.Ltd(600295) plans to invest 1.345 billion yuan to purchase floors 1-14 (with an area of 263863 square meters) of No. 3 and No. 4 properties and 210 underground parking spaces for brand image display and sales, textile engineering technology center, brand design and creative studio, new retail business operation, international business development, capital operation and other office and comprehensive services.

Dianye Metallurgical Group plans to invest 1.329 billion yuan to purchase 15 ~ 23 floors of property 3 (with an area of 1900836 square meters) for Energy Research Institute of dianye Metallurgical Group, technical research of industrial company, scientific research and entrepreneurship studio, marketing platform, international business development and technical exchange.

According to the introduction of the listed company, the subject of the transaction is adjacent to the North-South viaduct in the west, beiheng channel in the north and Yan’an viaduct in the south. It can reach the Bund, people’s Square and Nanjing West Road in ten minutes; Hongqiao hub can be reached in 40 minutes and Pudong airport can be reached in one hour. Surrounded by four tracks, it is close to Tiantong Road Station of line 10 and 12. Metro lines 2, 8, 10 and 12 seamlessly connect the urban area, high-speed railway and airport.

The subject of the transaction is located in the suhewan sector of Jing’an District, the suhewan Waterfront Business agglomeration zone, the key area of Jing’an “one axis and three belts”, which will build a world-class Waterfront Central activity area in the future. According to the relevant planning scheme, the region will focus on the development of financial services, business services, professional services, scientific and technological innovation, cultural creativity and other industries.

helps the industrial integration of the two places

Statistics show that Huahe real estate was established in July 2016. Its business scope includes real estate development and operation, property management, parking lot management and exhibition services. Shanghai Tongxin Investment Co., Ltd. holds 50% and China Resources Land (Shanghai) Co., Ltd. holds 50%.

The subject matter of the transaction has been completed and accepted. The pre-sale license was obtained in December 2021, and the property right certificate has yet to be handled.

The announcement said that on the basis of referring to the market price of the surrounding real estate in the area where the subject property is located, the transaction price is determined by both parties through consultation. Among them, the measured construction area of properties 3 and 4 is 4539466 square meters, with a total price of 2.633 billion yuan and an average price of 58000 yuan / square meter. 210 property right parking spaces, with a total price of 40.467 million yuan and a unit price of 192700 yuan / piece.

The recent transaction price of similar properties is determined by the market comparison method. The average transaction price of the other two office buildings of the subject project is 68500 yuan / m2 (concluded in December 2020) and 69738 yuan / m2 (concluded in October 2021).

Therefore, the listed company said that according to public information, since 2019, the average price range of office buildings traded in the surrounding areas of the subject matter has been about 56800 / m2 ~ 98700 / m2. The average transaction price of the subject matter purchased by the company and the electric Metallurgical Group as a whole is 58000 yuan / m2, which is reasonable.

The listed company said that after the completion of this transaction, it will further realize the industrial integration, two-way empowerment and complementary advantages of the two places; Provide a business environment with international vision for the company’s brand development; Provide a long-term and stable superior environment for the company’s product display, new product release and new retail platform; It is conducive to the introduction and cooperation of advanced and mature technologies, and promote the upgrading of the industrial chain to intelligent manufacturing and low-carbon green with high-tech and R & D innovation; It is conducive to expand deeper international business, further improve the company’s comprehensive competitiveness, build the company’s new sales and operation center, fashion industry R & D center, energy development research center and international business development center, and meet the requirements of the company’s business development and strategic planning.

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