Beijing Properties (00925) said it will acquire the entire issued share capital in Vision Crystal Limited, which indirectly holds 80% of the equity interest in Qingdao Jingchangshun Food Co., Ltd. through Asia Top Star Limited at Rmb40 million.
The Qingdao project company is principally engaged in operation of cold logistics storage facilities in Chengyang district of Qingdao, the PRC. It owns a parcel of land of about 15,351.5 square metres with cold warehouse of about 6,785.84 square meters, representing a carrying storage capacity of about 13,000 tonnes. It started its operation in February 2015, the occupancy rate of the warehouse is constantly maintained at 90% or above and the current annual revenue is expected to be around Rmb7.5 million.
27/11/2015 17:13
BJ Properties (0925) to buy Qingdao cold warehouse at Rmb40m
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