The letter of intent was quickly passed at the Standing Committee meeting, and the asset evaluation report for the Donghu Hotel also came out, with a final valuation of 10.5 million RMB. Wu Hua felt this figure was quite fair and that they could simply confirm the report when the time came.
After the Standing Committee passed it, Wu Heping notified the relevant departments in Wujiang City about the investment plan.
Because it involved issues such as land requisition and demolition, the land management rights remained in the hands of Wujiang City.
Chapter 122