---
title: "GACO's subsidiary received demolition compensation of 46.0297 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/222770974.md"
description: "According to the Zhitong Finance APP, GACO announced that on December 16, 2024, its wholly-owned subsidiary Huayang Electric signed a \"Housing Monetary Compensation Agreement (State-owned Land for Personal Use)\" with the Housing Expropriation Center of the Guiyang Economic and Technological Development Zone. On December 18, in accordance with the compensation agreement, the Housing Expropriation Center of the Guiyang Economic and Technological Development Zone has transferred the total demolition compensation amount of CNY 46.0297 million into a jointly supervised account of both parties"
datetime: "2024-12-19T07:37:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/222770974.md)
  - [en](https://longbridge.com/en/news/222770974.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/222770974.md)
generator: "portal-rs"
---

# GACO's subsidiary received demolition compensation of 46.0297 million yuan

According to the announcement from GACO (600523.SH), on December 16, 2024, its wholly-owned subsidiary Huayang Electric signed the "Housing Monetary Compensation Agreement (State-owned Land for Personal Use)" with the Guiyang Economic and Technological Development Zone Housing Expropriation Center. On December 18, in accordance with the compensation agreement, the Guiyang Economic and Technological Development Zone Housing Expropriation Center has transferred the total demolition compensation of 46.0297 million yuan into the jointly supervised account of both parties

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**