Brief: Pan Hong Holdings Group Updates On Land Parcel Located At Taihu Meixi
20/01/2020 15:12
Jan 20 (Reuters) - Pan Hong Holdings Group Ltd PANH.SI :
* HUZHOU DELONG REAL ESTATE REACHED LAND EXCHANGE AGREEMENT
ON 6
JAN WITH HUZHOU SOUTH TAIHU NEW AREA MANAGEMENT COMMITTEE
* LAND EXCHANGE AGREEMENT IS REGARDING TAIHU MEIXI LAND
* UNDER AGREEMENT, TAIHU MEIXI LAND CURRENTLY HELD BY GROUP
WILL
BE EXCHANGED FOR ANOTHER PARCEL OF LAND LOCATED AT TAIHU MEIDONG
* IN ADDITION, GROUP HAS TO RETURN COMPENSATION OF RMB60.7
MILLION
RECEIVED IN MAY 2017
* UNDER AGREEMENT, ADDITIONAL PREMIUM OF RMB25.7 MILLION
WILL BE
PAID BY GROUP FOR EXCHANGE
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(Reuters.Briefs@thomsonreuters.com)
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