LEE & MAN PAPER plans to transfer the land use rights in Changshu City to L & M CHEMICAL
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LEE & MAN PAPER and L & M CHEMICAL have reached a land transfer agreement, planning to transfer the land use rights located in the Changshu Economic and Technological Development Zone to L & M CHEMICAL on August 15, 2025, for a transaction amount of approximately 67.53 million RMB. The land area is approximately 74,937 square meters, primarily for industrial use, with the use rights expiring in 2060. This move will optimize LEE & MAN PAPER's asset structure, improve its financial condition, and support L & M CHEMICAL's product line expansion and operational efficiency
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