Standard Development Group Limited (HK:1867) has released an update.
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Standard Development Group Limited has announced three major transactions, including land use rights acquisition for RMB10.63 million, an anaerobic facilities construction for RMB25.11 million, and a separate construction agreement for RMB31.80 million, all integral to the company’s expansion in its bio-energy business. The transactions, significant enough to require reporting, were mistakenly not announced in compliance with the Listing Rules due to an operational misunderstanding. Remedial measures have been taken by the company to prevent future non-compliance.
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