Brief: Zhejiang Yongan Rongtong Receives Notice From Subdistrict Office Of Yangxun Qiao Town

Zhejiang Yongan Rongtong Holdings Co

03/01/2024 15:07

Jan 3 (Reuters) - Zhejiang Yongan Rongtong Holdings Co
Ltd  8211.HK :
    * ON 19 DEC RECEIVED A NOTICE FROM SUBDISTRICT OFFICE OF
YANGXUN
QIAO TOWN IN KEQIAO DISTRICT, SHAOXING CITY
    * ON 20 DEC ENTERED INTO LAND RESUMPTION AGREEMENT WITH
LOCAL
AUTHORITIES
    * SHALL RETURN RESUMED LAND, CONSTRUCTION AND FIXTURES
DURING
PERIOD BETWEEN 19 DECEMBER 2023 AND 20 JANUARY 2024
    * LAND, CONSTRUCTION AND FIXTURES AT A TOTAL COMPENSATION OF
RMB294.4 MILLION PAYABLE BY LOCAL AUTHORITIES TO CO
    * HAS SOUGHT LEGAL ADVICE FROM ITS PRC LAWYERS IN RELATION
TO LAND
RESUMPTION
    * APPLICATION MADE TO HK STOCK EXCHANGE FOR RESUMPTION OF
TRADING
OF SHARES ON WEF 9 A.M. ON 4 JAN 2024
    * TO SELL ENTIRE EQUITY INTEREST IN ZHEJIANG YONGAN HUIJU
WATER
TECHNOLOGY FOR RMB32.5 MILLION

Further company coverage:  8211.HK 

 ((Reuters.Briefs@thomsonreuters.com;))