current position:Home>China Evergrande: The Jiangxia District Government of Wuhan made an administrative decision to take back 11 parcels of land for the Evergrande Wuhan Science and Technology Tourism City project without compensation

China Evergrande: The Jiangxia District Government of Wuhan made an administrative decision to take back 11 parcels of land for the Evergrande Wuhan Science and Technology Tourism City project without compensation

2022-11-24 22:38:56TechWeb

On November 24th, China Evergrande announced on the Hong Kong Stock Exchange that on November 16th,The People's Government of Jiangxia District, Wuhan City made an administrative decision on recovering 11 parcels of land for the Group's Evergrande Wuhan Science and Technology Tourism City project without compensation.The decision is only for 11 pieces of land in the project, and does not involve other land plots in the project.The company is communicating with the Jiangxia District People's Government of Wuhan City and will file an administrative review on this matter to protect the legitimate rights and interests of the company.

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