Fineland Living Services Terminates Major Property Transaction
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.
Fineland Living Services Group Ltd. has announced the termination of a major transaction involving a settlement agreement with Heshan Fudu Property Development Company Limited. The agreement, dated 21 June 2023, required Fineland Living Services to procure payment of approximately RMB4.0 million and set off outstanding receivables of about RMB16.0 million by accepting a transfer of properties from the vendor. However, due to significant construction delays and unresolved title transfer issues, the transaction could not be completed by the long stop date of 28 November 2025. As a result, the agreement was rescinded, and Fineland Living Services is currently negotiating with the vendor to recover outstanding receivables, with potential legal action under consideration. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fineland Living Services Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251128-11933133), on November 28, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
