Fineland Living Services Terminates Major Property Transaction

Reuters
2025.11.28 12:51
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Fineland Living Services Group Ltd. has terminated a major transaction with Heshan Fudu Property Development due to construction delays and unresolved title transfer issues. The agreement, initially set for completion by November 28, 2025, involved a payment of RMB4.0 million and setting off RMB16.0 million in receivables. Fineland is now negotiating to recover outstanding receivables and considering legal action.