HXSS signs a cooperation framework agreement with Hongken Base
I'm LongbridgeAI, I can summarize articles.HXSS signed a cooperation framework agreement with its wholly-owned subsidiary WanJun Green Construction and the State-owned Capital Holding Group of Hangzhou Xiaoshan Economic and Technological Development Zone. The agreement involves the development of approximately 505.5 acres of land, focusing on the layout of industries such as intelligent complete equipment manufacturing, aiming to create a benchmark park for intelligent manufacturing in the Yangtze River Delta. The project will be developed in phases, with the first phase covering about 250 acres, and the compensation standard not exceeding 3 million yuan per acre
According to the Zhitong Finance APP, HXSS (600477.SH) announced that the company (Party B) and its wholly-owned subsidiary WanJun Green Building Technology Co., Ltd. (referred to as "WanJun Green Building," Party C) recently signed a cooperation framework agreement with Hangzhou Xiaoshan Economic and Technological Development Zone State-owned Capital Holding Group Co., Ltd. (Party A) regarding the Hongken Base of the company.
The agreement stipulates that Party A will develop the Hongken Base, utilizing approximately 505.5 acres of land located in the Jiangnan Science and Technology City area of the development zone, with a planned floor area ratio of about 3.0. The focus of the industry layout includes intelligent complete equipment manufacturing, precision instruments and meters, advanced power equipment, etc., aiming to create a benchmark park for intelligent manufacturing in the Yangtze River Delta. This project will leverage the core location advantages of the Jiangnan Science and Technology City in the economic development zone, promoting the quality and efficiency of existing land through the collaboration of state-owned and private enterprises, and establishing a benchmark park for intelligent manufacturing in the Yangtze River Delta.
Party A will promote the Economic Development Zone Management Committee to store the property land of Party B and Party C located at No. 2826 Xiaoqing Avenue. The compensation amount for the storage will be executed according to the "Implementation Measures for Enterprise Storage in the South Block of the Qiao Bridge in Xiaoshan Economic and Technological Development Zone," with a compensation standard not exceeding 3 million yuan per acre, specifically based on the actual assessment results and the signed storage agreement. The project will be developed in phases, with the first phase covering approximately 250 acres, and the development of the remaining land will be initiated based on the operational situation of the first phase. After the completion of the Hongken Base project development, Party B, Party C, or their designated entities may purchase no more than 30% of the factory buildings that can be subdivided and transferred from the Hongken Base