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The second phase of the Hong Kong CTS Wuhan Iron and Steel Building project plans to introduce investment to promote the development and construction of the project

author:Finance

Opinion Network News: On January 19, the Shanghai Equity Exchange disclosed that Steel Travel City (Wuhan) Real Estate Co., Ltd. intends to introduce a capital increase.

According to the new media of the viewpoint, the amount of funds to be raised is determined on the basis of merit, and the corresponding shareholding ratio of the raised funds is 0-100%, which is used to supplement the registered capital and promote the development and construction of existing reserve projects as soon as possible.

According to the data, the registered capital of Steel Travel City (Wuhan) Real Estate is 200 million yuan, wholly owned by Hong Kong China Travel Real Estate Development Co., Ltd., and its business scope is licensed projects: real estate development and operation; general projects: property management; non-residential real estate leasing; commercial complex management services; housing leasing.

According to the requirements, the intended investor should be an enterprise legal person established in China (excluding Hong Kong, Macao and Taiwan) for more than 10 years and effectively existing in accordance with the law; the paid-up registered capital is not less than 2.5 billion yuan; the consolidated caliber or the net profit of the parent company is continuously profitable for three years and the asset-liability ratio does not exceed 75%. The capital increase in this listing transaction does not accept consortium investment, and does not accept investment in entrustment (including implicit entrustment), asset management plan, trust plan and contractual private equity fund.

It is understood that Steel Travel City (Wuhan) Property was invested and established by Hong Kong China Travel Service on October 20, 2021. Earlier, on October 9, WISCO Group and Hong Kong China Travel Service successfully acquired land and jointly developed the second phase of the WISCO Building project. With a total investment of about 2.8 billion yuan, the overall planning and development of the project will effectively revitalize the existing real estate resources of WISCO Group and become a key project for the transformation of the industrial park industry of WISCO Group.

This article originated from the viewpoint real estate network

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