Changshan North Ming (000158): Subsidiaries Received Land And Housing Acquisition Compensation Total 60 Million Yuan.
Changshan North Ming (000158.SZ) announced that the seven session of the nine session of the board of directors considered and adopted the motion on compensation for the acquisition of land and housing in Changshan, a wholly owned subsidiary of Zhaoxian County. It agreed to acquire a wholly owned subsidiary of the Shijiazhuang land reserve center, Shijiazhuang Changshan Zhaozhou textile Co., Ltd. (Changshan Zhaobai), located at 132 of the stone Tower Road, Shijiazhuang, with an area of 70237.03 square meters. The compensation price for land and housing ownership is 60 million yuan.
In December 3, 2019 and March 5, 2020, the company received compensation from Zhaoxian County land reserve center for 10 million yuan and 50 million yuan respectively. The above compensation fund has been included in the company's current profits and losses in 2019 for 51 million 130 thousand yuan. The final accounting treatment of the compensation fund is based on the results of the annual auditor's confirmation.
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