Baolu-te-KY's Subsidiary Completes Land Use Rights Acquisition in Zhejiang Province
AI Summary (NQ-processed)
Zhejiang Anshun Chemical Fiber Co., Ltd., a subsidiary of Baolu-te-KY, has completed the acquisition of land use rights in Xindeng, Fuyang City, Zhejiang Province. The land area is approximately 33,334 square meters, with a total transaction value of RMB 16.17 million, aimed at expanding operational capacity.
AI Analysis
Frequently Asked Questions
Q: Who approved this land acquisition?
A: The Board of Directors of Baolu-te-KY approved it on May 13, 2026.
Q: What kind of organization is the counterparty?
A: It is the Fuyang Branch of Hangzhou Planning and Natural Resources Bureau, a local government agency.
Q: Is this a related-party transaction?
A: No, the counterparty is a government entity, not a related party.