BBMG Corporation Subsidiary's Land to Be Acquired for Storage, Total Acquisition Price 1.948 Billion Yuan
Stock News
Yesterday
BBMG Corporation (601992.SH) has issued an announcement that its wholly-owned subsidiary, Chongqing BBMG Dacheng Xinduhui Co., Ltd. (referred to as "Chongqing Xinduhui Company"), will sign a "Land Use Right Recovery Agreement for BBMG Xinduhui Plots 3, 4, and 9" with the Chongqing Nan'an District Land Reserve and Land Expropriation Affairs Center.
The plots located in the A sub-district of the Chayuan-Lujiao cluster in Nan'an District, Chongqing, specifically A22-1/08 (Plot 3), A20-1/07 (Plot 4), and A11-1/05 (Plot 9) (referred to as "Plots 3, 4, and 9"), will be subject to land reserve acquisition.
The total land area is 139,187 square meters, and the proposed total acquisition price is 1.948 billion yuan.
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