Can the allocated land be placed in a listed company?

＃? 2) Gujing Jinhao borrowed RMB 18 million from Shanghai Pudong Branch of Agricultural Bank of China with the hotel property and its land use right (No.7 changshou road, No.416 (25)) as collateral. The loan period was from October 31, 25 to October 3, 214. As of the signing date of this report, the loan balance was RMB 126,. According to the instructions issued by Gujing Group and Gujing Distillery, the relevant creditor banks have been informed of this asset replacement. (3) The real estate ownership certificate number owned by Shanghai Gujing Jinhao Hotel Management Co., Ltd. is "Hufangdi Puzi (25) No.416", and the land located at No.7 in changshou road is acquired by "allocation", and the land use is commercial service land. When determining the appraised value of this piece of land, the appraisal institute confirmed that the appraised value of this piece of land was 164,54,9 yuan, with an appraised value increase of 346.58%, according to Shanghai's land transfer fee management measures and after deducting 3% of the land transfer fee that should be paid back. After becoming a subsidiary of Gujing Distillery, Gujing Jinhao will use the land in accordance with the requirements of laws and regulations on land management, for which Gujing Group and Gujing Distillery have issued relevant commitments. After verification, Dacheng Law Firm, the legal consultant of this asset replacement, believes that: (1) Gujing Jinhao Company is a legally established and legally existing company, and there is no need to terminate according to relevant laws, regulations and its articles of association; (2) The previous changes in equity of Gujing Jinhao Company is legal and valid, and the capital contributions of all shareholders have been paid in full according to law; (3) The ownership of the equity assets is clear, no pledge or other third party rights have been set, and there is no property right dispute or potential dispute; (4) Before Gujing Distillery Company holds a general meeting of shareholders to consider this asset replacement, the mortgage guarantee provided by Gujing Jinhao Company to Qiaocheng Sub-branch of Agricultural Bank of China Bozhou City shall be lifted. Comments: 1. The mortgage provided by the company to be listed (Gujing Jinhao) to the counterparty (Gujing Group) shall be released before the shareholders' meeting at the latest. Furui Jinhao's mortgage for his own loan does not need to be lifted. If Koi Jinhao sets a mortgage for a third party, does it have to be lifted? 2. It is noteworthy that the appraised value of the allocated land is as high as 164,54,9 yuan, accounting for 54.7% of the appraised value of the assets to be injected (31,83, yuan). 3. The reason for this asset replacement also seems far-fetched.