Brief: Lisi Group Holdings Announces Inside Information On Land Resumption

Lisi (Holdings)

24/07/2023 16:12

July 24 (Reuters) - Lisi Group Holdings Ltd  0526.HK :
    * INSIDE INFORMATION LAND RESUMPTION
    * SOUGHT LEGAL ADVICE FROM ITS PRC LAWYERS IN RELATION TO
LAND
RESUMPTION
    * ON 24 JULY NINGBO NEW JOYSUN ENTERED INTO A LAND
RESUMPTION
AGREEMENT
    * PURSUANT TO LAND RESUMPTION AGREEMENTS, NINGBO NEW JOYSUN
SHALL
SURRENDER LAND USE RIGHTS OF LANDS TO LOCAL GOVERNMENT
    * PURSUANT TO LAND RESUMPTION AGREEMENTS, NINGBO NEW JOYSUN
SHALL
SURRENDER LAND USE RIGHTS OF LANDS TO LOCAL GOVERNMENT
    * EXPECTED TO RECORD ESTIMATED NET GAIN BEFORE TAX FROM LAND
RESUMPTION OF RMB131.2 MILLION
    * FIVE PARTS OF COMPENSATION, TOGETHER WITH LAND 1 INCENTIVE
AWARD
AND ADDITIONAL AMOUNT, TOTALLING RMB44.9 MILLION


Further company coverage:  0526.HK 

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