HSTD(SH:600054) Shang Hai Zheng Quan Bao·2025-07-30 17:59Core Viewpoint - The company plans to invest in establishing a wholly-owned subsidiary, Huangshan Yunqu Amusement Park Service Co., Ltd., and participate in the bidding for a state-owned construction land use right in Huangshan City, aiming to enhance its resource reserves and diversify its tourism product offerings [2][5][9]. Transaction Overview - The company will invest a total of 90 million yuan in cash, representing 100% of the registered capital of the project company [2][5]. - The company intends to bid for a state-owned construction land use right covering an area of 86,063 square meters, with a starting bid price of approximately 54.25 million yuan [4][9]. - The land includes commercial land (hotel use) of 83,461 square meters and protective green land of 2,602 square meters [4][9]. Investment Target Information - The registered capital of the new subsidiary is set at 90 million yuan, and the company will fully fund this amount from its own or raised funds [5][8]. - The subsidiary will focus on various leisure and tourism-related services, including amusement park services, park management, and tourism project planning [8]. Impact on the Company - This investment aligns with the company's strategic development needs and aims to create a family-friendly vacation complex, enhancing its competitive edge and sustainable development capabilities [9][10]. - The project is strategically located near UNESCO World Heritage sites, which is expected to amplify the brand and market value of the company [9]. Bidding Details - The bidding process is public, and the company acknowledges the inherent uncertainties associated with the bidding outcome [3][12]. - The bidding deposit required is 16.55 million yuan, and the transfer price for existing construction and attached properties is approximately 28.28 million yuan [9].