LBC's subsidiary plans to transfer land use rights to Lubei Group for a price of 12.6574 million yuan
I'm LongbridgeAI, I can summarize articles.LBC's wholly-owned subsidiary, Jinhai Titanium Industry, intends to transfer the usage rights of two industrial land plots located in Wudi County to its controlling shareholder, Lubei Group, for RMB 12.6574 million, with a total area of 51,724.00 square meters. The transaction is expected to generate a pre-tax profit of RMB 4.7472 million, which will help optimize the asset structure and improve operational efficiency
According to the Zhitong Finance APP, LBC (600727.SH) announced that its wholly-owned subsidiary Shandong Jinhai Titanium Resources Technology Co., Ltd. (referred to as "Jinhai Titanium") is transferring land use rights to its controlling shareholder Shandong Lubei Enterprise Group Co., Ltd. (referred to as "Lubei Group") for a transaction amount of 12.6574 million yuan. The transaction involves two parcels of land use rights owned by Jinhai Titanium, located in Chengkou Town, Wudi County, east of Daji Road, with a total area of 51,724.00 square meters, designated for industrial use, acquired through transfer.
According to the company's calculations, this transaction is expected to generate a profit of 4.7472 million yuan (before tax). This transaction is beneficial for optimizing the company's asset structure, improving asset liquidity, and enhancing operational efficiency