Ugreen Technology Plans 1.08 Billion Yuan Investment in Shenzhen Longhua Urban Renewal Project

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Ugreen Technology announced that its wholly-owned subsidiary Zhongzhi Real Estate plans to invest in the urban renewal project of the Yuanfen Village industrial factory building in Dalang Subdistrict, Longhua District, Shenzhen, with a total planned investment of 1.08 billion yuan. Zhongzhi Real Estate will first sign a contract with the Longhua Administration of the Shenzhen Municipal Planning and Natural Resources Bureau to obtain the 50-year usage rights for a 28,500 square meter plot at the intersection of Jinfeng Road and Zhongxin Road in Longhua District. The project construction area is 146,500 square meters, of which the construction and installation cost is 1 billion yuan, and the remaining investment includes land transfer fees, design fees, and other expenses. The company stated that this project aligns with its long-term strategic plan and is conducive to enhancing its core competitiveness.

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Ugreen Group Limited
301606
▲ PositiveCapitalrelevance

Ugreen Technology plans a 1.08 billion yuan investment in an urban renewal project, which is a capital expenditure that aligns with its long-term strategy and enhances competitiveness.

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中植置业Private▲ Positive
Capitalrelevance

Zhongzhi Real Estate, as the wholly-owned subsidiary, will execute the investment and obtain land usage rights, directly benefiting from the project.

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