SDIC China and Russia announced that Xuzhou Zhongxin Fruit Industry Co., Ltd., the company's holding company, plans to sign a housing expropriation compensation agreement with the Fengxian Zhongyangli Subdistrict Office. The factory area in the Wenyuan Qizhuang Phase II block to which it belongs was expropriated due to urban renewal. The total compensation amount is 72.1587 million yuan. The compensation uses the method of property rights replacement plus currency compensation. Of this, 43.68 million yuan was used to replace the 25,146 square meter plant under the name of the Production Development Group, and the remaining 28.4787 million yuan was monetary compensation. Xuzhou and China must complete the relocation by November 25, 2026, and monetary compensation will be paid in installments. The matter has been reviewed and approved by the company's board of directors and still needs to be submitted to the shareholders' meeting for consideration. There is uncertainty about the subsequent implementation process.

Zhitongcaijing · 2d ago
SDIC China and Russia announced that Xuzhou Zhongxin Fruit Industry Co., Ltd., the company's holding company, plans to sign a housing expropriation compensation agreement with the Fengxian Zhongyangli Subdistrict Office. The factory area in the Wenyuan Qizhuang Phase II block to which it belongs was expropriated due to urban renewal. The total compensation amount is 72.1587 million yuan. The compensation uses the method of property rights replacement plus currency compensation. Of this, 43.68 million yuan was used to replace the 25,146 square meter plant under the name of the Production Development Group, and the remaining 28.4787 million yuan was monetary compensation. Xuzhou and China must complete the relocation by November 25, 2026, and monetary compensation will be paid in installments. The matter has been reviewed and approved by the company's board of directors and still needs to be submitted to the shareholders' meeting for consideration. There is uncertainty about the subsequent implementation process.