In 2017 Dandong Municipal Government signed a joint venture between China and Hong Kong, the agricultural “South Choi North” vegetable growing project was implemented in Sandorin Village, Xiaodianzi Town, Dandong Donggang City.The project implementation unit is the China-Hong Kong joint venture “Donggang River and Commerce Co., Ltd.” Project Phase 1 covers a total area of 1200 acres, completed in June 2017, all facilities were completed, the site was electrifying 160KVA, full coverage of the stereoic irrigation system, new cold storage and freezing storage 500 square meters and housing 200 workers' dormitories, and in July went into actual production and into the supply link, started to realize investment and cash Stream closed loop.Stabilized Nissan nearly 20 kinds of Southern market order vegetables 40,000 kg, creating a daily average value of about 8-10 million yuan, with a sales cycle of 180 days. Due to the actual controller and majority shareholder of Donggang River and Trading Co., Ltd., natural person (110105197606155459) personal management strategy adjustment reasons, the main efforts will be focused on building Dandong agricultural products full supply chain+IoT platform system for the next 3 years.Gao Ko has reached a concerted willingness to act by all the shareholders of Wachawa to allow Ko to transfer the share of the equity share of his personal natural person shareholder status, and at the right moment to bring in strategic partners to jointly continue to invest in vegetable bases and other derivative operations. Assumption of high personal equity valuation principle: based on investment construction direct costs (6.5 million) + Funds incurred during the period (500,000 yuan) +Conservative expectations of net profit over the next two years (8 million) +Competitive advantage resource valuation of business environment (cum offset of partial unforeseen costs of 500,000 yuan), all 1066 Mu food farm valued at $15.5 million, average transfer fee per share 155,000. The share of the equity of Chuan Wo Trading Co., Ltd. is 85 per cent for Gao Ko individuals.Their individual accepts the transfer in whole or in part.
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