Brilliance China Automotive Holdings (HK:1114) has released an update.
Brilliance China Automotive Holdings Limited has announced a compensation agreement where the Dadong Government will pay RMB 451.4 million for expropriated land. Additionally, the company has entered into a 10-year lease agreement for new office and factory premises, which will be reflected as right-of-use assets in their financial statements. This lease agreement represents a significant transaction for the company but does not require shareholder approval.
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