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China Jinmao Holdings Group Limited ( (HK:0817) ) has provided an announcement.
China Jinmao Holdings Group Limited announced that its indirect wholly-owned subsidiary, Huzhou Dongmao, has entered into a Land Resumption Agreement with Huzhou South Taihu Management Committee. The agreement involves the repossession and reservation of land parcels at a compensation of RMB781,000,000. This transaction is considered a discloseable transaction under the Listing Rules, as the applicable percentage ratio exceeds 5% but is less than 25%. The compensation payment will be made in stages over 720 days. The arrangement might also involve special bond funds for dealing with idle land, pending further negotiations between parties.
More about China Jinmao Holdings Group Limited
YTD Price Performance: -12.24%
Average Trading Volume: 58,132,437
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$11.62B
For an in-depth examination of 0817 stock, go to TipRanks’ Stock Analysis page.
