GO
| HSI1 | 24,249.48 | +38.13 | 101.50B |
| HSCEI1 | 8,159.89 | +12.02 | 28.97B |
| Back Zoom + Zoom - Block Traded | |
|
BBMG (02009.HK) Chongqing's Three Land Parcels Acquired by Government for Compensation Involving Nearly RMB1.95 Billion
2026-10-12 11:59:41 BBMG (02009.HK) announced that its subsidiary Chongqing Jinyu Dacheng New Metropolis and the Land Reserve and Land Acquisition Affairs Center of Nan'an District, Chongqing Municipality will sign the "Agreement on Recovery of Land Use Rights for Parcels No. 3, 4 and 9 of Jinyu New Metropolis" to recover three land parcels held by the group in the New Metropolis project in Nan'an District, Chongqing. The three parcels involve a total site area of 139,200 square meters, with a proposed acquisition price of RMB1.948 billion. As of the end of Jun this year, the book cost of the three parcels was approximately RMB2.128 billion. The transaction price represented a discount of approximately RMB180 million to the book value, with a discount rate of approximately 8.44%. The group said the land acquisition will help revitalize existing assets, improve asset utilization efficiency, optimize industrial layout, and respond to the Chongqing Nan'an District government's initiative to optimize the functional layout of the Chayuan area, revitalize idle land inventory, improve the living environment, enhance the city's overall value, and promote the high-quality development of the Chayuan urban sub-center.(gc/j)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |