[Zhen Ding KY] Announcement regarding the acquisition of land use rights by subsidiary Avary Holding (Shenzhen) Co., Ltd.
Zhen Ding KY's subsidiary, Avary Holding (Shenzhen) Co., Ltd., has announced the acquisition of land use rights for an industrial site in Baoan District, Shenzhen, for 143.2 million RMB. The site covers 141,225.15 square meters, with a 30-year lease term.
📋 Article Processing Timeline
- 📰 Published: May 25, 2026 at 09:00
- 🔍 Collected: May 26, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 26, 2026 at 19:21 (11h 21m after Collected)
1. Name and nature of the target: Ordinary industrial land in Yanluo Street, Baoan District, Shenzhen (Lot No. A425-0617)
2. Date of occurrence: May 25, 2026
3. Decision authority: Chairman's approval
4. Transaction volume and price: Land area 141,225.15 sq. meters; Total transaction value 143.2 million RMB.
5. Counterparty: Shenzhen Municipal Planning and Natural Resources Bureau, Baoan Administration.
6. Purpose: Operational development.
7. Note: CNY to TWD exchange rate used is 4.6015.
2. Date of occurrence: May 25, 2026
3. Decision authority: Chairman's approval
4. Transaction volume and price: Land area 141,225.15 sq. meters; Total transaction value 143.2 million RMB.
5. Counterparty: Shenzhen Municipal Planning and Natural Resources Bureau, Baoan Administration.
6. Purpose: Operational development.
7. Note: CNY to TWD exchange rate used is 4.6015.
FAQ
What is the purpose of Zhen Ding KY's land acquisition in Shenzhen?
It is to secure land for the operational development of its subsidiary.
What are the contract terms for the land?
It is an industrial plot in Baoan District, Shenzhen, with a 30-year usage right.
Which entity made the acquisition?
Avary Holding (Shenzhen) Co., Ltd., a subsidiary of Zhen Ding KY.