Gelonghui October 17?Nanning Department Store (600712.SH) announcedIn July 2023, the company received the decision on compensation for Housing expropriation on State-owned Land issued by the people's Government of Nanning City. The people's Government of Nanning City decided to expropriate the part of the company located at 39-41 Chaoyang Road with a construction area of 3466.69 square meters.The right to the use of houses and state-owned land was recovered at the same time, and it was decided to give the company about 21.3684 million yuan in compensation.
At the request of the relevant units, in order to go through the relevant procedures of housing expropriation as soon as possible, the company will sign the "Monetary compensation Agreement for Housing expropriation" with the Municipal Housing and Construction Bureau and Xingning District Government. According to the agreement, the government gives the company housing compensation, housing compensation subsidies and interest a total of three monetary compensation subsidies totaling about 23.44 million yuan.