News summary
China Power Disclosureluckyfishingmegaways, Shentou Second Electric Power Company awarded approximately 5,215luckyfishingmegawaysThe acquisition of a property in Shuozhou with RMB 6,900 for use as employee dormitories aims to improve employee accommodation conditions and reduce long-term rental costs.
Newsletter text
[Shentou Second Electric Power, a wholly-owned subsidiary of China Power, spent more than 52 million yuan to purchase properties]
China Electric Power (02380) announced that Shentou Second Electric Power and Shentou Industrial Company signed a property transfer contract with a transaction amount of approximately 52.1569 million yuan. This move aims to improve and optimize employee accommodation conditions.
[The property location is excellent, covering residential and underground space]
Located in the Shendian Ecological Park Community in Shuocheng District, Shuozhou, Shanxi Province, the property includes Buildings 46 and 47, each floor has 6 floors, with an overall construction area of 13,346.16 square meters and an underground space area of approximately 1,987.84 square meters.
[The acquisition aims to improve employee quality of life and corporate economic efficiency]
The announcement revealed that the newly purchased property will be used as employee dormitories to replace the current rental housing in the suburbs. This is expected to help retain outstanding employees, reduce rental costs in the long run and improve corporate economic efficiency.