Zhitong Financial APP News, Lijiang (002033.SZ) issued an announcement, September 26th, 2023 The board of directors examined and approved the "proposal on Investment and Cooperation with Lijiang Yatai Tourism Development Co., Ltd." the board of directors agreed that the wholly-owned subsidiary Lijiang Longteng Tourism Investment and Development Co., Ltd. (hereinafter referred to as "Longteng Company") will contribute 25.566 million yuan to the evaluation of 51 mu land use rights of A8 and A10 plots in Mosuo town comprehensive service area. With Lijiang Yatai Tourism Development Co., Ltd. (hereinafter referred to as "Yatai Tourism") to establish a new company, Longteng Company accounts for 40% of the equity of the new company.
This time, Longteng Co., Ltd. and Yatai Tourism Co., Ltd. jointly invested in the establishment of a new company, which will carry out the investment, development, construction, operation and management of the project land, and the development and construction content is a tourism commercial complex. Yatai Tourism or its designated parties will contribute to the new company in the form of monetary funds.
According to the announcement, the Longteng Company will set up a joint venture company with the initial price of the land use right, achieving a land value-added income of about 4 million yuan. At the same time, the investment and construction of the project will promote the development of Lugu Lake grass Hainan area, help to enrich the business format of Lugu Lake Mosuo town, attract passenger flow, and then promote the overall value of the Mosuo town project.