Shenzhen International and Shenzhen authorities reached a consensus on the valua

Shenzhen International (0152.HK) announced Monday that it has signed a supplementary agreement with the Shenzhen Municipal Authority and the former Maritime Authority on the five land owned by the Company in the former sea, covering a land area of about 380,000 square meters.

The company's announcement said the parties reached a consensus on the valuation of the five sites and the assessment of the value of land reserve. The value of the land assessment under the original planning conditions is fully enjoyed by Shenzhen International. Under the new planning conditions, the land assessment value is deducted from the balance of the land value under the original planning condition, minus 5% as a policy fixed expenditure, With the company to share the ratio of 6: 4.

As for the assessment of the value of the land reserve value as January 1, 2015, and as a new planning conditions under the land use period of the starting date. The land use period is determined by the maximum period specified by the State.

Shenzhen International said that the supplemental agreement marks a substantial progress in the Company's former sea project, which will help to implement and promote the industrial landing and development of the former sea project, plus the land value of the former sea area from January 2015 to the present year Time is also increased, the company is expected to bring considerable land value gains and industrial development gains.