Guangxi Wuzhou Zhongheng Group Co., Ltd.SSE: 600252

(600252)"Guangxi Wuzhou Zhongheng Group Co., Ltd."Announcement on Progress of Government's Acquisition and Reserve of Land Owned by Controlled Sub-subsidiary

· Issued by Guangxi Wuzhou Zhongheng Group Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 600252 · · 4 pages · Chinese

Summary by 6ix AI

Guangxi Wuzhou Zhongheng Group Co., Ltd. has announced the progress of a government acquisition of land owned by its controlled subsidiary, Zhaoqing Zhongheng Pharmaceutical Co., Ltd. The announcement details the payment of outstanding principal and interest by the Zhaoqing High-tech Zone Land Reserve Center, along with a risk warning regarding potential delays in future payments. As of the end of September, the Land Reserve Center still owes a significant amount in principal and interest. The company plans to actively negotiate with the Land Reserve Center to ensure compliance with payment obligations and may pursue legal action if necessary.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/600252guangxi-wuzhou-zhongheng-group-co-ltdannouncement-on-progress-of-governments-acquisition-and-reserve-of-land-owned-by-controlled-sub-subsidiary

Release

Announcement on Progress of Government's Acquisition and Reserve of Land Owned by Controlled Sub-subsidiary

The abstract is for reference only. Please refer to the full text of the announcement on the very day.

Link of Full Text for Reference:

Guangxi Wuzhou Zhongheng Group Co., Ltd. on 6ix

Story so far

Earlier from Guangxi Wuzhou Zhongheng

All Guangxi Wuzhou Zhongheng news releases