Coastal Greenland's (HKG:1124) subsidiary Dalian Jinrijunjian Paradise agreed to surrender a land parcel to Dalian Jinpu New District Natural Resources Bureau for a compensation of 109 million yuan, a Monday Hong Kong bourse filing said.
The said land parcel is located at Longwangmiao Village, Youyi Street, Jinzhou District, Dalian City, Liaoning Province, and has a site area of 246,091 square meters.
The company plans to use about 90% of the net proceeds of 108.5 million to repay the group's debts and the remaining 10% for working capital.
The property developer's shares surged almost 24% in recent trade.
Price (HKD): $0.17, Change: $+0.033, Percent Change: +23.74%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。