Dongpeng Beverage (09980) won industrial land in Zhengzhou for 98.05 million yuan to promote the construction of a production base in central China

Zhitong Finance App News, Dongpeng Beverage (09980) announced that the company signed an “Investment Agreement” with the Zhengzhou Economic and Technological Development Zone Management Committee and established a wholly-owned subsidiary, Zhengzhou Dongpeng Vitamin Drinks Co., Ltd. (hereinafter referred to as “Zhengzhou Base”) to be responsible for the construction, production and operation of the “Dongpeng Drinks Zhengzhou Production Base Project”. Recently, the Zhengzhou base signed a “State-owned Construction Land Use Rights Concession Contract” with the Natural Resources and Planning Bureau of Zhongmu County, Henan Province. The sale price was 98.05 million yuan.

The parcel number is 410122022006GB00085W00000000. It is located west of Jingkai 31st Street and north of Jingnan 15th Road. It covers an area of about 160,700 square meters and is industrial land. The sale period is 50 years.

The above land use rights obtained this time are conducive to the smooth implementation of the “Dongpeng Beverage Zhengzhou Production Base Project”, help the company utilize the location advantages and policy support of the project location, enhance the company's core competitiveness and industry influence, and are in line with the company's development strategy.

After implementation, the project will help the company further improve its market coverage and supply responsiveness in central China, effectively shorten the logistics radius, reduce transportation costs, and enhance supply chain coordination efficiency and regional service support levels. It is expected that the completion and commissioning of the base will have a positive impact on the improvement of the company's overall operating efficiency and market competitiveness.