Crystal Optoelectronics announced that the company reviewed and approved the “Proposal on Allocating Staff's Price-Priced Commercial Housing and Building Public Rental Housing for Workersâ€. The company decided to acquire land through bidding and auction in the planning of Star Electronics Industrial Park for the construction of price-limited commercial housing. And public rental housing for employees. The project was implemented by the wholly-owned subsidiary Xingye Real Estate. At present, the company has won the land for the use of 103.06 million yuan.
According to Crystal Optoelectronics, the company's various related transactions that have occurred since the beginning of 2013 with the related party Taizhou Xingye Real Estate Co., Ltd. are as follows:
The public rental housing construction area is about 25,000 square meters, the distribution ratio is 40% for Zhejiang Star Electronics Co., Ltd., 35% for Zhejiang Crystal Optoelectronics Technology Co., Ltd., and 25% for Zhejiang Star Ruijin Technology Co., Ltd. The construction of public rental housing is organized and implemented by Taizhou Xingye Real Estate Co., Ltd. The land of public rental housing is state-owned and the land is transferred. After completion, according to the distribution ratio, 35% of the public rental housing property belongs to Crystal Optoelectronics.
According to Crystal Optoelectronics, the company's various related transactions that have occurred since the beginning of 2013 with the related party Taizhou Xingye Real Estate Co., Ltd. are as follows:
The public rental housing construction area is about 25,000 square meters, the distribution ratio is 40% for Zhejiang Star Electronics Co., Ltd., 35% for Zhejiang Crystal Optoelectronics Technology Co., Ltd., and 25% for Zhejiang Star Ruijin Technology Co., Ltd. The construction of public rental housing is organized and implemented by Taizhou Xingye Real Estate Co., Ltd. The land of public rental housing is state-owned and the land is transferred. After completion, according to the distribution ratio, 35% of the public rental housing property belongs to Crystal Optoelectronics.
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