PROSPEROUS IND: Guangzhou Zerong and China Railway Beijing Engineering Bureau Group have signed a construction contract for the first phase of the Zerong Intelligent Manufacturing Industrial Park project
PROSPEROUS IND signed a construction contract with China Railway Beijing Engineering Group for the Ze Rong Intelligent Manufacturing Industrial Park Phase I project, with a contract amount of 152 million RMB. The project is located in Panyu, Guangzhou, covering an area of 21,128 square meters for the first phase, with a total construction area of 91,901.93 square meters. The board of directors believes that this project will significantly enhance the group's asset value and future business development potential, and it is expected to bring good financial income
According to the Zhitong Finance APP, PROSPEROUS IND (01731) announced the latest developments regarding the potential further development of land in Panyu. After careful planning, the land, along with the group's existing industrial facilities in the area, will be further developed into an industrial park (Zerong Intelligent Manufacturing Industrial Park Project). The development of the Zerong Intelligent Manufacturing Industrial Park Project will be carried out in phases, with the first phase covering an area of 21,128 square meters, including three main buildings (one of which is a dormitory), with a total construction area of 91,901.93 square meters. The board is pleased to announce that on September 17, 2025 (after trading hours), the company's indirect wholly-owned subsidiary Guangzhou Zerong signed a construction contract with the contractor China Railway Beijing Engineering Bureau Group Co., Ltd. for the first phase of the Zerong Intelligent Manufacturing Industrial Park Project, with a contract price of RMB 152 million (including taxes).
The land is located in a prime area of Guangzhou Panyu, within the Guangzhou Science and Technology Achievement Transformation Center's supporting area, approximately 20 kilometers (about 30 minutes' drive) from Guangzhou South Station, with convenient transportation networks. In addition, the current sale prices and/or rents of Class I industrial land (M1) in Panyu are lower than those in other prime areas of Guangzhou and Shenzhen, making it attractive to local entrepreneurs near the Science and Technology Supporting Area, the southern bank of Guangzhou University Town, and the Guangzhou International Campus of South China University of Technology.
Benefiting from effective communication with relevant government authorities and the favorable terms in the supplementary land use rights transfer contract signed between Guangzhou Zerong and the Panyu District Bureau of Planning and Natural Resources of Guangzhou City on April 25, 2024, along with its proximity to major scientific research and innovation hubs, the board believes that further development of the land will significantly enhance the group's asset value and future business development opportunities.
In addition, an independent third-party consulting agency has prepared a feasibility study report for the project. After considering the internal rate of return, the company expects that the project will bring favorable financial income to the group and strengthen the group's business advantages
