Hainan RuiZe subsidiary plans to invest 60 million yuan to co-develop the Wenluo Town Xinhua mixing plant project

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A subsidiary of Hainan RuiZe, Lingshui RuiZe Shuanglin Building Materials Company, plans to invest about 60 million yuan and cooperate with Lingshui Xiangmin Agricultural Development Company to develop the Wenluo Town Xinhua mixing plant project, with a cooperation term of 20 years. According to the announcement, Lingshui RuiZe will invest about 60 million yuan in the form of capital, technology, and equipment, and will be responsible for full investment, construction, and operation management. Lingshui Xiangmin will contribute about 36.4 mu of collective industrial land, with an appraised value of 5.7561 million yuan, as its cooperation input and will receive a fixed annualized return of no less than 800,000 yuan per year for years one through five, increasing by 20 percent every five years thereafter. After the project goes into operation, annual production capacity will be no less than 240,000 cubic meters. The company said this cooperation is needed because the area where the original Lingshui mixing plant was located has been affected by planning adjustments and must be relocated, and the project will achieve business relocation and upgrading. The company also cautioned that project construction and operation still require relevant administrative approval procedures, and after production begins it may face risks such as raw material price fluctuations and changes in market demand.

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陵水瑞泽双林建材有限公司Private▲ Positive
Capitalrelevance

As the subsidiary making the investment, it will undertake construction and operation, potentially increasing its business scale.

陵水向民农业发展有限公司Private▲ Positive
Capitalrelevance

Will receive fixed annualized returns from land contribution, providing stable income.

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