China CBM Group Subsidiary Nuoxin Receives Court Order to Transfer Land Over RMB18.8 Million Debt
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Nuoxin (Xian County) Engineering Materials Company Limited, a subsidiary of China CBM Group Co. Ltd., has been ordered by the People’s Court of Xian County to transfer industrial land and buildings valued at RMB25 million to Hebei Xiongyue Qicheng Trading Co., Ltd. This transfer is to settle an outstanding debt of RMB18.8 million, with a price difference of RMB6.2 million to be paid to Nuoxin via the court.
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