Fuzhou Fu Hong Qi Electronics Announces Acquisition of Right-of-Use Asset from Fujian Guan Hua Precision Mold
AI Summary (NQ-processed)
Fuzhou Fu Hong Qi Electronics Co., Ltd. has acquired a right-of-use asset from its indirectly wholly-owned subsidiary, Fujian Guan Hua Precision Mold Co., Ltd. The total transaction value is RMB 12,085,330.88 for a 5-year lease of 16,463.29 sqm, aimed at integrated cost and operational management.
AI Analysis
Frequently Asked Questions
Q: What is the purpose of this transaction?
A: To optimize cost and operational management by acquiring right-of-use assets from a subsidiary.
Q: Who is the counterparty?
A: Fujian Guan Hua Precision Mold Co., Ltd. is a 100% indirectly owned subsidiary.
Q: What is the value of the right-of-use asset?
A: The asset is recognized at RMB 11,185,477.63 under accounting standards.