BBMG CorporationSSE: 601992

(601992)"BBMG Corporation"Announcement on the Paid Recovery by the Government of Land Use Rights Held by a Wholly-owned Subsidiary

· Issued by BBMG Corporation via Shanghai Stock Exchange

Filed with SSE · Stock code 601992 · · 10 pages · Chinese

Summary by 6ix AI

BBMG Corporation announced the paid recovery of land use rights held by its wholly-owned subsidiary, involving three plots of land in Chongqing. The total area for recovery is significant, and the transaction price has been set. The board has approved the transaction, which does not require shareholder approval, but it is subject to government approval before it can take effect. The company emphasizes that this transaction aligns with its long-term development goals and aims to optimize asset allocation.

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

On 6ix: 6ix.com/news/601992bbmg-corporationannouncement-on-the-paid-recovery-by-the-government-of-land-use-rights-held-by-a-wholly-owned-subsidiary

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Announcement on the Paid Recovery by the Government of Land Use Rights Held by a Wholly-owned Subsidiary

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