Core Viewpoint - The land transfer agreement between Lee & Man Paper Manufacturing (02314) and Lee & Man Chemical (00746) aims to optimize asset structure and enhance operational efficiency for both companies through the sale of unused land in Jiangsu, China [1][2] Group 1: Land Transfer Details - Lee & Man Paper's subsidiary Jiangsu Paper agrees to transfer land use rights to Lee & Man Chemical for approximately RMB 67.53 million [1] - The land, located in Changshu Economic and Technological Development Zone, covers an area of about 74,937 square meters and is designated for industrial use [1] - The original acquisition cost of the land by Jiangsu Paper in 2010 was approximately RMB 22.7 million [1] Group 2: Strategic Benefits - The land is currently unused by Jiangsu Paper, and its sale will help optimize asset structure and improve internal land use efficiency [1] - For Lee & Man Chemical, the land's proximity to existing production facilities will reduce construction costs for new plants and enhance management and safety production layout [2] - The transaction is expected to create greater economic benefits and long-term development potential for Lee & Man Chemical, improving overall operational efficiency [2]
理文造纸拟向理文化工转让常熟市的土地使用权