Qilu Expressway plans to invest 400 million yuan to set up a partnership to build a comprehensive development project in Huzhou, Zhejiang Province.

May 22, 2023

May 21，Qilu Expressway issued a notice saying.，May 19，Hua Min Equity Investment(As a general partner)Investment in Qilu Expressway, a wholly-owned subsidiary of the Company(As a limited partner)Enter into a partnership agreement。Accordingly，The size of the partnership is RMB 4..000.1 billion yuan，The proposed subscribed capital contributions of Huamin Equity Investment and Qilu Expressway Investment are RMB10,000 and RMB400 million, respectively.。The Partnership Funds will be invested in the Subject Project.。

The target project is the comprehensive development project of Zhili Street Area for urban renewal in Zhili Town, Huzhou City, Zhejiang Province.。According to the project plan，The subject project is located in the north of Wuxing Avenue.，West area of Zhili North Road，The total planned land area of the project is about 331 mu.，Gross Floor Area 44.130,000 square meters，Covering industry、 Business 、Farmers' market、Talent apartment、Education、Park、Construction of underground parking lot and other facilities，Road upgrading and reconstruction and supporting infrastructure projects, etc.。

Source of the article：Dahe Wealth Cube

AI Translation Notice: This article was translated from Chinese into English using AI-assisted translation. Original source: http://news.lmjx.net/2023/202305/2023052210214054.shtml. The translation may contain errors, and the original Chinese source should be referred to for accuracy.

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