On February 21, the People's Government of Tongcheng City, Anhui Province, announced the results of an auction of sand and gravel management rights. The sand and gravel reserves of the project are 4.9602 million cubic meters, the transaction price is about 335 million yuan, and the winning bidder is Tongcheng Rural Revitalization Industrial Development Co., Ltd.
It is understood that the project is located in Lushan Reservoir and Luwang River, which is the sand and gravel management right of the comprehensive regulation project of Luwang River system. Enterprise legal persons, social organizations and other social institutions and natural persons with full civil capacity and good commercial credit, financial status and bank credit can participate in the auction. The Buyer shall sign the Sand and Gravel Transfer Agreement with the Client within 5 working days after obtaining the Auction Confirmation.
Tongcheng Rural Revitalization Industrial Development Co., Ltd. is a state-owned enterprise, established on May 8, 2020, with a registered capital of 500 million yuan, and is a wholly-owned subsidiary of Anhui Antong Urban and Rural Development Group Co., Ltd.