Jinwu Financial News | China's Bolton (03318) rose strongly in early trading, with a provisional report of HK$2.09, an increase of 23.67%. It is more than half a year's high, with a turnover of HK$1,4591 million.
The company issued an announcement. Shenzhen Bolton Fragrance Co., Ltd., a wholly-owned subsidiary of the company, received a letter from the Shenzhen Nanshan District government department regarding the proposed expropriation of a plot of land owned by Shenzhen Bolton in Shenzhen. The proposed expropriation of the relevant land is in the public interest for the construction of high-speed rail hubs and related projects. The relevant department provided a compensation proposal, which contained the recommended compensation calculation method, but did not specify the specific amount of compensation.
Shenzhen Bolton is currently discussing the compensation plan with relevant departments, but despite repeated requests from Shenzhen Bolton, details of the project have not been provided.