CHTC FONG'S INT's subsidiary plans to sign a land recovery agreement for Xiangshan Avenue with the Zhongshan Land Reserve Center and the Zhongshan Cuixiang New District Management Committee
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CHTC FONG'S INT announced that its wholly-owned subsidiary plans to sign land recovery agreements for Xiangshan Avenue and Cuicheng Road with the Zhongshan Land Reserve Center and the Zhongshan Cuiheng New District Management Committee, respectively recovering land use rights and obtaining cash compensation of 103 million yuan and 308 million yuan. The board of directors believes that this move will improve the group's cash flow, reduce liabilities, and increase working capital
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