TCL Group Sun sales increase 165 million

TCL Group announced that recently the company received a holding subsidiary of TCL Multimedia Technology Holdings Limited notice, TCL multi-media wholly-owned subsidiary of Inner Mongolia TCL Ace Electric Appliance Co., Ltd. to the Hohhot Land purchase and reserve Auction Center for the sale of land use rights and the ground buildings, The total amount is 297 million yuan, is expected in Inner Mongolia TCL Trump in the sale of the items will gain about 165 million yuan. It is understood that the land is being used for industrial purposes, for the Inner Mongolia TCL ace Factory location. TCL Multimedia has begun a new plant construction project in Hohhot, the existing plant in the land will be relocated to the new plant, the sale will not affect the normal operation of TCL Ace in Inner Mongolia. The company said the sale is due to government urban planning changes, infrastructure construction and other policy reasons, enterprises need to move the whole and disposal of related assets. Tcl Ace in Inner Mongolia is expected to gain about 165 million yuan in the sale of the items, the company holds TCL Multimedia 61.19% Equity, the sale of the company will have a positive impact on the net profit. This transaction is located in Hohhot City Ruyi Development Zone, Xinhua Street, south of the second ring road, Inner Mongolia TCL trump card use of state-owned land, the total area of 102100 square meters, the ground building area of 88,900 square meters. The total price of sale is $297 million, including land use rights and compensation for ground buildings of $236 million, the transitional compensation for the relocation of enterprises and the sum of $61.244 million in conjunction with the government Relocation award. It is noteworthy that, after the land use right and the transfer of buildings on the ground, the Hohhot Auction Center will change the nature of the land from industrial to commercial use. Inner Mongolia TCL trump card will be entitled to participate in the land bidding, auction or listing process, and within the scope of the relevant policy to give priority to obtain the right to use the land.