FilingReader Intelligence

Xinjiang Talimu Agriculture to acquire $3.3M in assets

January 24, 2025 at 04:15 PM UTCBy FilingReader AI

Xinjiang Talimu Agriculture Development (SSE: 600359) plans to acquire assets from Alaer State-owned Capital Investment and Operation Group Co., Ltd. An independent appraisal by New Lante Real Estate Asset Appraisal Co., Ltd. valued the assets at 3,303.91 million yuan ($3.3 million USD), significantly higher than their book value of 1,989.55 million yuan. This represents a 66.06% increase. The assets include buildings, structures, pipelines, machinery, electronic equipment, and land use rights. The buildings and equipment were appraised at 1,566.71 million yuan, a 37.08% increase over book value, while the land was valued at 1,737.20 million yuan, a 105.20% premium. The valuation is valid until October 30, 2025, provided the acquisition occurs within one year of the appraisal’s baseline date of October 31, 2024. The report notes some assets lack complete documentation or have title issues, which the property holder has provided explanations and commitments for.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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