BAIYUNSHAN PH (00874): Guanghua Pharmaceutical Signs Land Reserve Compensation Agreement with Tonghe Subdistrict Office

Stock News
2025/11/27

BAIYUNSHAN PH (00874) announced that its subsidiary, Guanghua Pharmaceutical, has a land parcel and fixed assets located at No. 355 Shatai North Road, Baiyun District, Guangzhou, included in the proposed land reserve scope under the "Tonghe Area Land Reserve Implementation Plan." On November 27, 2025, Guanghua Pharmaceutical signed a land reserve compensation agreement with the Tonghe Subdistrict Office.

According to the agreement, the compensation for the land reserve amounts to RMB 375 million. Upon meeting the "clean land" standard and other conditions, Guanghua Pharmaceutical will receive an additional land handover incentive of approximately RMB 73.3238 million. The total compensation and incentive amount to approximately RMB 449 million.

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