Having read the announcement again you could be right and not for Triton however at the top is quite clear and says foreign investment. The only snag is the figures below add up to the 100,000,000 yuan but does this mean they are putting 100,000,000 yuan into jinan enterprise development or does it mean they are splitting it up as per below. Too open to interpretation however Jinan do have a seperate website for this company
http://www.jncfjt.com/
Also their Green environment wouldn't surprise if Nicanda Hill comes into play at some point
Securities code: 600807 Securities abbreviation: Jinan High-tech Announcement Number: Pro 2020-062
Jinan High-tech Development Co., Ltd.
Announcement on foreign investment mattersThe board of directors and all directors of the company warrant that the content of this announcement does not contain any false records, misleading statements or major legacy.
And bear individual and joint responsibility for the authenticity, accuracy and completeness of its content.
Important content reminder:
●
The company plans to invest RMB 100 million to establish Shandong Ji’an Industry Development Co., Ltd.
Security Industry"); the company plans to invest RMB 100 million to establish Shandong Ji’an Enterprise Development Co., Ltd. (abbreviated as
"Jian Enterprise");
the company intends to invest 20 million yuan, Linyi Longfengxing Yijing Real Estate Development Co., Ltd.
Known as "Longfeng Xingyijing") intends to invest 30 million yuan to jointly establish Jinan Jigao Zhiyuan Enterprise Development Co., Ltd.
Known as "Jigao Zhiyuan"). At the same time, Jigao Zhiyuan invested 35 million yuan, Jinan Beicheng Investment Holding Group Co., Ltd.
The company (referred to as "Jinan North City Holdings") invested 15 million yuan to jointly establish Jinan Jigao Zhiyuan North City Industrial Development
Exhibition Co., Ltd. (referred to as "Jigao Zhiyuan North City Industry").
● The above matters have been reviewed and approved at the fifth interim meeting of the tenth board of directors of the company and do not constitute connected transactions.
Does not constitute a major asset reorganization.
On September 22, 2020, the company held the fifth interim meeting of the tenth board of directors, which reviewed and approved
the "Proposal on Deliberating the Establishment of Shandong Ji'an Industrial Development Co., Ltd." and "About Deliberating the Establishment of Shandong Ji'an
The Proposal of Enterprise Development Co., Ltd., and the Proposal on Deliberating the Establishment of Subsidiaries by the Company and Related Parties,
According to the company’s business development needs, the company plans to invest RMB 100 million to establish Ji’an Industry; the company plans to invest
RMB 100 million to establish Ji'an Enterprise; the company plans to invest 20 million yuan, Longfengxing Yijing plans to invest 3,000
Jigao Zhiyuan jointly established Jigao Zhiyuan. At the same time, Jigao Zhiyuan invested 35 million yuan and Jinan Beicheng Holdings
invested 15 million yuan to jointly establish Jigao Zhiyuan North City Industry.
1. Related parties
1. Longfeng Bank Yijing, unified social credit code: 91371300763657967N; registered capital: 8,840
RMB 66.3 million was invested by Shandong Zhihan Engineering Management Consulting Co., Ltd., accounting for 75%, and Linyi
Heting Trading Co., Ltd. invested RMB 22.1 million, accounting for 25%; legal representative: Chen Jing; date of establishment: 2004
June 17; Address: Linyi High-tech Industrial Development Zone; Business scope: Real estate development and property management
(operating with property management qualification certificate). Longfengxing Yijing has no relationship with the company.
As of August 31, 2020, Longfeng Bank Yijing has total assets of RMB 2.051,013 million and net assets of RMB 24,436,600.
From January to August 2020, it will realize total operating income of RMB 201,847,200 and net profit of RMB 23,231,100. (Unaudited)
2. Jinan Beicheng Holdings, unified social credit code: 91370105084036739L; legal representative: Yuan
Weihong; registered capital: 60 million yuan, 100% owned by Jinan Tianqiao District State-owned Assets Operation Co., Ltd.
Equity; Date of establishment: January 24, 2014; Address: No. 77, Yuxing Road, Jinan New Material Industrial Park, north of 308
National Road, Sangzidian Town, Tianqiao District, Jinan City, Shandong Province; Business Scope: To advance the key industrial projects in the region
Bank investment and management. Jinan Beicheng Holdings does not have an associated relationship with the company.
As of December 31, 2019, Jinan Beicheng Holdings’ total assets were RMB 5,182,032,400, and the net assets
RMB 2,454,788,500; in 2019, it realized operating income of RMB 350,228,100 and realized net profit of RMB 78,703,300. (Audited)
2. Situation of newly established subsidiaries
1. Shandong Ji'an Industry Development Co., Ltd., registered capital: 100 million yuan; legal representative: Yuan Yong
Registered address: Longaotian Street, No. 1577, Longao North Road, Jinan Area, China (Shandong) Pilot Free Trade Zone
Room 1603 of the office building; business scope: real estate brokerage; housing leasing; non-residential real estate leasing; property management;
Real estate consulting; real estate appraisal; information consulting services (excluding licensing information consulting services); social economy
Consulting services; information technology consulting services; technical services, technology development, technology consulting, technology exchanges, technology
Transfer, technology promotion; real estate development and operation; residential interior decoration. Relevant information
The final approval of the department shall prevail.
2. Shandong Ji'an Enterprise Development Co., Ltd., registered capital: 100 million yuan; legal representative: Yuan Yong
Registered address: Longaotian Street, No. 1577, Longao North Road, Jinan Area, China (Shandong) Pilot Free Trade Zone
Office 1602; business scope: corporate management; real estate brokerage; housing leasing; non-residential real estate leasing;
Property management; real estate consulting; real estate appraisal; park management services; information consulting services (excluding licensing
Information consulting services); Socio-economic consulting services. Relevant information is ultimately subject to the final approval of the competent government department.
3. Jinan Jigao Zhiyuan Enterprise Development Co., Ltd., registered capital: 50 million yuan, of which the company plans to invest
Investment of 20 million yuan, Longfengxing Yijing plans to invest 30 million yuan; registered address: 17th Floor, Main Office Building,
Longaotian Street, No. 1577, Longao North Road, Jinan Area, China (Shandong) Pilot Free Trade Zone ; Business scope: property
management; real estate brokerage; housing leasing; non-residential real estate leasing; engineering management services; information consulting services (excluding
Licensing information consulting services); technical services, technology development, technology consulting, technology exchange, technology transfer, technology
Technology promotion; real estate development and management; construction engineering design; various engineering construction activities. Relevant information finally has
The final approval of the right government department shall prevail.
4. Jinan Jigao Zhiyuan North City Industrial Development Co., Ltd., registered capital: 50 million yuan, of which Jigao Zhiyuan
Yuan invested 35 million yuan, Jinan Beicheng Holdings invested 15 million yuan; registered address: No. 77 Yuxing Road, Jinan New
Material Industrial Park, north of Sangzidian Town, Tianqiao District, Jinan City, Shandong Province; Business scope: property
management; real estate brokerage; Housing leasing; non-residential real estate leasing; engineering management services; information consulting services (excluding
Licensing information consulting services); technical services, technology development, technology consulting, technology exchange, technology transfer, technology
Technology; real estate development and management; construction engineering design; various engineering construction activities. The relevant information is ultimately
The final approval of the government department shall prevail.
3. The impact of this transaction on the company
The establishment of a subsidiary company will help promote the company’s business development and enhance the company’s management of related assets and businesses
Efficiency; the establishment of subsidiary companies with related parties will help to give full play to the advantages of all parties and effectively reduce project management
Risk, this transaction is in the interests of the company and all shareholders.
The information disclosure media designated by the company are "Shanghai Securities News", "China Securities News" and Shanghai Stock Exchange
All websites and relevant company information are subject to the information published in the above-mentioned designated media. Investors should pay attention to
Capital risk.
Special announcement.
Jinan High-tech Development Co., Ltd.
Board of Directors
September 23, 2020
