Huilong New Materials (301057.SZ) announced that due to the Grand Canal's protection and strict control of new non-public use land, Germany...
Zhitong Finance App News, Huilong New Materials (301057.SZ) announced that due to the Grand Canal's protection and strict control of new non-public land use, the People's Government of Yuyue Town, Deqing County, needs to take back the company's state-owned land use rights in Xigang Village, Yuyue Town. After friendly negotiations, the company and the town government reached an agreement on the relevant recovery compensation matters. The total cost of recovery compensation was RMB 38483,500.
<收回国有土地使用权补偿协议书>The company held the fourth meeting of the fourth board of directors and the fourth meeting of the fourth board of supervisors on December 27, 2023 to review and pass the “Bill on Signed”, and authorized the company's management to handle specific matters relating to the recovery compensation of the plot, including but not limited to communicating and negotiating with relevant government departments on the recovery matters, signing relevant compensation agreements, determining payment arrangements for the amount of compensation to be recovered, and processing related procedures. The land taken back by the town government this time is for the company's IPO fund-raising project. The compensation fee for this recovery will be refunded to the company's special fund-raising account.