Home > Shenzhen Company Registration > The New Opportunities in Qianhai Free Trade Zone CIMC Signs the Three Lands of Qianhai Preparation

The New Opportunities in Qianhai Free Trade Zone CIMC Signs the Three Lands of Qianhai Preparation

Source:   |  Update: 25/09/2018, 15:23 (UTC+8)  |  

Since the free trade zone in Qianhai is built, its good environment for development draws great favour from great well-known enterprises and investors. They all come to the free trade zone to survey and study, and seek new cooperation and opportunities.

On October 9th, Shenzhen South China International Marine Containers Manufacturing Co., Ltd. (South CIMC as below), a wholly-owned subsidiary of CIMC reached a consensus with Urban Planning, Land&Resources Commission of Shenzhen Municipality, Shenzhen Qianhai Authority about the land preparation of the three parcel of lands in Qianhai, Shenzhen, and signed Land Preparation Framework Agreement. According to the agreement, Shenzhen Qianhai Authority and South CIMC will share the added-value profit of lands by 60% and 40% after the net of rigid political expenses from the date January 1st, 2015, which is the time point of the land value evaluation between the new and original planning conditions.

The public announcement of CIMC shows that the three parties sign the agreement based on the principles of the history respect, sticking to the plan, setting aside disputes, sharing interests and win-win development. The three parcel of lands are T102-0152, T102-0153, T102-0154 which locate in Shenzhen and Hong Kong modern service cooperation district, developing unit 07, 09 , Qianhai, Shenzhen, and their total area is 524,000 square meters.

The three-parties agreement, the land evaluation under the new and original planning conditions all take the date January 1st, 2015 as the time point. The land value under the original planning condition belongs to South CIMC. The balance of the land value under the new planning condition less the land value under the original planning condition, which is the added-value profit of land between the new and original planning, is shared by Shenzhen Qianhai Authority and South CIMC by 60% and 40% after the net of rigid political expenses.