According to Cangzhou Pearls announcement, the company and Dongsu Real Estate signed a Commercial Housing Purchase Contract in two copies. The company purchased two sets of commercial housing located in Yihe Mountain Villa District, Laizhou City, Shandong Province, with its own funds. The total floor area of the two apartments is 1134.48 square meters, and the transaction price is 13.81 million yuan.
Reporters noted that the two apartments are reinforced concrete structures, building floors on the ground 2 floors, underground 1 floor, for the typical villa structure.
Data show that Dongplastic Real Estate is a wholly-owned subsidiary of Dongplastic Group, the largest shareholder of Cangzhou Pearl. Therefore, the real estate transaction constitutes an affiliated transaction. In the announcement, the listed company said that the transfer pricing is based on the same location of the residential estate market price, in line with the principle of voluntary, fair and fair.
Real estate is used for staff training services
On July 9, the reporter called the Pearl Securities Department of Cangzhou as an investor. Relevant people said that the price of the house in Cangzhou may be between 15,000 yuan per square metre and 20,000 yuan per square metre. Relatively speaking, the price of the house the company intends to buy is cheaper. The companys purchase price is close to the market price. The purchase is also carefully decided by the companys management, and the proportion of investment in the companys net assets is small.