On December 15, Gelonghui Huhua Co., Ltd. (003002.SZ) announced that in order to meet the company's group structure and business development needs, Shanxi Huhua Group Co., Ltd. plans to purchase a comprehensive commercial building from the related party Changzhi Huhua Investment Real Estate Co., Ltd. (“Changhu Investment”) as the company headquarters office space. The property has a construction area of 11,424.87 square meters and a total price of 85.89967 million yuan.
The target of the transaction is the East Bay Project headquarters integrated commercial building invested and developed by Changhu. It is located at the intersection of the Changping Link and the East Outer Ring Road in Luzhou District of Changzhi City. The office building has a total construction area of 11,424.87 square meters. It is a single-family building with 8 floors above ground and 1-2 floors underground. It is fully decorated and has elevators from 2 floors underground to 8 floors above ground.