Hainan Province

Hainan high speed shuaibaofu Hainan high speed (000886) intends to transfer Treasure Island Hotel Sanya making $ 50 million to its largest shareholder of Hainan Provincial Department of transportation and development holdings limited alternative transportation Department of Hainan Province, Hainan Hainan paid high-speed operating loss of $ 30 million. Hainan high speed is expected to recover the $ 80 million, and thickening of 6.28 million yuan of profits.Said, cutting off loss of source diablo iii power leveling, on May 22 and Hainan Provincial Department of transportation and development Holdings Limited signed a Protocol, Hainan Province, to be lifted on June 1, 1995, high speed and Transport Department of Hainan Province, Hainan Province on development cooperation, signed by the Sea Resorts of contract, high speed and price to $ 50 million will be in Hainan Sanya Hotel treasure island real estate and relatedTransportation Office is transferred to Hainan Province and development holdings limited alternative transportation Department of Hainan Province, Hainan Province paid Hainan high-speed operating loss of $ 30 million. Based on property value assessment and agreement, the transfer of real estate and related subsidiary is expected to recover the sum of 80 million Yuan. In accordance with the regulations, real estate and related subsidiary transferred $ 50 million after deducting the asset accountsAfter the face value and the tax payable, the company enables asset disposal income about $ 8.38 million this year, a net profit increase of 6.28 million Yuan. Bulletin shows that transport investment holdings limited, Hainan, Hainan Province express's biggest shareholder, Hainan Provincial Transportation Department for transport investment holding company in Hainan Province and Hainan's actual control of the high speed one. It is understood that Sanya, gold and silverAbout 56.11 hotels now occupy the land area of the island, with 19.24 acre land transportation Office name still in Hainan Province, remaining 36.87 acres for construction of urban and rural land development corporation land in Sanya city, Treasure Island Hotel Sanya long-term free occupied land greening and supporting facilities for the hotel. Recently, the construction of urban and rural areas in Sanya city owned by the Land Development Corporation will resume its36.87 acres of land, seriously affecting the Treasure Island Hotel Sanya continuing operations. In addition read more, the Treasure Island Hotel Sanya since 2002 operating loss amount is large, and the repair facilities of the old, hotels such as refurbishing companies about investment capital of $ 130 million.