Xinhai Yiyi bought Dongfangmen House and was exposed to related party transactions

Recently, just because the shape of the Suzhou Oriental Gate, which looks like "autumn pants", has been questioned by the unfinished business, on August 26, Xinhaiyi issued an announcement that it will invest more than 100 million yuan to purchase the commercial door of the East Gate, and Xinhai It is advisable that not long ago, the media just questioned the alleged related party transactions, and this time it took billions to buy a house, which caused concern.

On August 26, Xinhaiyi issued a notice stating that the 17th meeting of the fifth board of directors of the company reviewed and approved the “Proposal on Signing the Purchase of Real Estate Contracts with Suzhou Ganning Real Estate Co., Ltd.”, agreeing that the company will be approximately RMB 101,566,750. The price of RMB is purchased from Suzhou Ganning Real Estate Co., Ltd., and the commercial housing of Room 1-2, Room 1-2, and Room 1-2, Room 1-2 of Public Security No. 1-2, is purchased. The total estimated building area of ​​the above-mentioned houses is 4062.67 square meters.

According to the report published by Xinhaiyi, the net profit attributable to shareholders of listed companies in the first half of the year was 56.7 million yuan, a year-on-year increase of 43%. The 100 million yuan of funds used to purchase Dongfangmen commercial housing is close to twice the profit earned in the first half of the year.

Xin Haiyi’s announcement has caused a lot of attention, because not long ago, a number of media published a book entitled “New Haiyi’s “Live” drama is suspected of concealing insider investigations of related party transactions”, “Xin Haiyi’s alleged concealment of insider investigations” Relevant reports raised questions about Xinhaiyi’s alleged involvement in concealing related parties and interest delivery. A number of companies, including Suzhou Industrial Park Huafa Technology Co., Ltd., have been referred to as “related parties” of Xinhaiyi. At the time when the suspects of the new Haiyi related party transactions were not fully clarified, an announcement was issued to invest 100 million yuan to purchase houses.

According to public information, in February of this year, Xinhaiyi Image Technology Co., Ltd., a wholly-owned subsidiary of Xinhaiyi, and Suzhou Xinnajing Optoelectronics Co., Ltd., a 90%-owned subsidiary, signed a contract with Suzhou Ganning Real Estate for a total of 29.8 million yuan. . One of the two is the East Gate Lighting Supply Contract, and the other is the Oriental Gate Intelligent Engineering Purchase Contract. The contract amount accounts for 77% and 79% of the operating revenue of Suzhou Xinnajing and Xinhaiyi respectively in 2013. Xin Haiyi said that the implementation of these two contracts will have a positive impact on the growth of listed companies this year.

It is worth noting that the unit price of the two-storey building purchased by Xinhaiyi is about 25,000 yuan/square meter, and the data shows that the latest transaction price of Dongfang Gate is 30,000 yuan/square meter.

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