BUCID(SH:600266) Shang Hai Zheng Quan Bao·2025-09-05 21:06Core Viewpoint - Beijing Urban Construction Investment Development Co., Ltd. has successfully acquired the land use rights for the Yuegezhuang project in Fengtai District, Beijing, through a consortium with related parties for a total price of 2.9 billion yuan [2][4]. Group 1: Transaction Overview - The company, in collaboration with Beijing Jindi Real Estate Development Co., Ltd. and Beijing Jianbang Jingrui Real Estate Development Co., Ltd., won the bidding for the Yuegezhuang project at a price of 2.9 billion yuan, with investment ratios of 48% for the company, 10% for Jindi, and 42% for Jianbang [2][4]. - The transaction is classified as a related party transaction since Jindi is a subsidiary of the controlling shareholder of the company [2][6]. Group 2: Approval Process - The transaction was approved by the independent directors on August 14, 2025, and subsequently by the board of directors on August 15, 2025, with all votes in favor [5][9]. - The second temporary shareholders' meeting on September 1, 2025, also approved the proposal regarding the investment in the real estate project [5][9]. Group 3: Project Details - The Yuegezhuang project covers a total land area of 21,772.59 square meters and a planned above-ground construction area of 58,000 square meters [7]. - A joint venture company will be established based on the principle of "same shares, same investment, shared risks, and shared returns" to manage the project development [7]. Group 4: Impact of the Transaction - The project is located in a well-developed area with rich educational and medical resources, aligning with the company's overall development strategy and is not expected to adversely affect the company's financial status or operational results [8].