On August 23, energy international investment (00353.HK) announced that on August 23, 2024, the buyer (an indirect non-wholly owned subsidiary of the company) and the seller entered into the agreement, based on which the buyer agreed to purchase and the seller agreed to sell the property at a price of approximately RMB 32.435 million yuan. The price was reached after an open auction and bidding process managed by the Shandong Property Transaction Center. The company plans to use the property as the buyer's new office headquarters.
The property refers to the property that the buyer will acquire in accordance with the acquisition, also known as Office Building No. 3, Yellow River Delta International Plaza, No. 379 Yunhe Road, Dongying City, Shandong Province, China.
Due to the convenient geographical advantage of being close to the Huanghe River Delta port facilities, one of the development priorities of Dongying Economic and Technological Development Zone is to introduce enterprises that operate maritime and petrochemical businesses near Dongying Port and Shengli Oilfield. The company plans to use the property as the buyer's new office headquarters and believes that the stand-alone commercial building can enhance its corporate image, thereby facilitating the long-term business development needs of the buyer and the company.