NetEase Finance Jan. 27 hearing yesterday evening, Beijing, Hunan, Hubei, Love Co., Ltd. announced its purchase of land in Wuhan for a resolution, the cost of 129 million parcels will be used to start new stores.
2011 1 24, held the second session of Hunan, Hubei, love the second extraordinary meeting of the Board considered and approved the purchase of the York Road 72, Wuhan, real estate and resolution of matters relating to cooperation projects. Hunan situation will get 50% of the land of the land use rights, the price is 1.29 million, the company sources of funds raised.
feelings of Hunan, Hubei aims to buy land for future development projects pave the way to obtain land use rights, will be developed to meet the company opened new stores on the request of the property, the chain expanded. Hunan situation that the use of its own rental property can reduce the pressure on costs, while its own property assets can be used for future financing, the development of positive significance.
(This article Source: NetEase of: Yu Gu)
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