Friday, June 22, 2012

Rong real estate land contract is expected to lift increase profit - loans

Rong real estate(000517,Shares) (000517) the night of June 21st ?announced on the lifting of the state-owned construction land use right transfer contract? announcement.Notice that, the company in December 14, 2009 in Ningbo City Land Resources Bureau Yinzhou Branch Bureau held stateLandUse right transfer listing activities, with the price of 2307000000 yuan to compete the Ningbo city Yinzhou District of the new Temple No. -4, B, A weir C plots of land use right of state-owned land. In 2010, the company holding subsidiaries Ningbo KangxinHomeLimited company and Ningbo City Land Resources Bureau signed a contract, contract will be located in Yinzhou new City Temple weir, B, C -4 A plots of the state-owned construction land use right transfer to Ningbo Kangxin home. Ningbo Kangxin home for the company owns 100% equity holding subsidiaries.Notice that, in the case of plots where village with petitions and other reasons, resulting in the significant contracts not according to the agreed schedule. Contract negotiation, agreed to lift the three ?contract?, and in June 21, 2012 signed the ?agreement? lift.Announcement says, ?lifting? contract, company will recover land leasing has been paid 2307000000 yuan, and obtain the loss compensation funds 415000000 yuan, will directly affect the company year profit and loss, can be expected to increase profit 90000000 yuan.(?Securities Times? News Center)

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