Beijing Airport Logistics Base Development Co., Ltd. agreed to acquire 80% in Beijing Airport Yizhao Real Estate Development Co., Ltd. from Beijing Airport High-Tech Park Co., Ltd. for CNY 1.2 million.
August 27, 2020
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Beijing Airport Logistics Base Development Co., Ltd. agreed to acquire 80% in Beijing Airport Yizhao Real Estate Development Co., Ltd. from Beijing Airport High-Tech Park Co., Ltd. (SHSE:600463) for CNY 1.2 million on August 27, 2020. Within 10 working days after the entry into force of this agreement, Beijing Airport Logistics Base Development Co., Ltd. shall make a one-off payment of CNY 1.2 million. The final price of this transaction is uncertain. For the year ended December 31, 2019, reported total assets of CNY 322.1 million, net liabilities of CNY 48.8 million, revenues of CNY 30 million and net loss of CNY 20.9 million. The deal is subject to approval from state-owned assets supervision and administration department and shareholders of Beijing Airport High-Tech Park Co., Ltd. The transaction has been approved by the Board of Directors of Beijing Airport High-Tech Park Co., Ltd. The shareholders of Beijing Airport High-Tech Park Co., Ltd. approved the transaction on September 15, 2020.
Beijing Airport High-Tech Park Co Ltd is a company mainly engaged in the development and construction of the park. The Company's main businesses include primary land development, industrial real estate development, construction business and property leasing and management business. The primary land development business is engaged in the consolidation, investment and development business before land transfer. The industrial real estate development business is engaged in the investment, development, operation management and service of industrial buildings, industrial plants and high-tech research and development houses. The construction business is engaged in the construction of houses and plants. The property leasing and management business is engaged in self owned property leasing operation and property management.
Beijing Airport Logistics Base Development Co., Ltd. agreed to acquire 80% in Beijing Airport Yizhao Real Estate Development Co., Ltd. from Beijing Airport High-Tech Park Co., Ltd. for CNY 1.2 million.