Jinhong Holding Group Discloses 45 Million Yuan Asset Sale Termination
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Natural gas explorer Jinhong Holding Group disclosed the termination of a 45 million yuan office building sale by subsidiary Zhongyou Jinhong East China Investment Management. Buyer Taian Chuanggu Advertising terminated the sale due to unresolved property registration issues and ongoing legal proceedings, according to a Friday filing with the Shenzhen bourse. The buyer waived all breach-of-contract claims, including penalties.
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