Brief: China United Venture Investment Announces Inside Information On Land Resumption
24/10/2023 02:46
Oct 24 (Reuters) - China United Venture Investment Ltd
8159.HK :
* INSIDE INFORMATION ON LAND RESUMPTION
* ON 19 OCT, UNIT ASIA-LINK ENTERED LAND RESUMPTION
AGREEMENT WITH
FOGANG LAND BUREAU
* LAND RESUMPTION AGREEMENT FOR TOTAL CONSIDERATION OF
RMB73.8
MILLION
* UNDER AGREEMENT, UNIT TO SURRENDER LAND USE RIGHTS OF LAND
IN
FOGANG COUNTY TO FOGANG LAND BUREAU
* INTENDS TO APPLY PROCEEDS FROM LAND RESUMPTION TO REPAY
EXISTING
MORTGAGE LOANS, AMONG OTHERS
* LAND RESUMPTION TO IMPROVE ITS OPERATING CASHFLOW
Source text for Eikon: ID:
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