China CBM Group Subsidiary Nuoxin Receives Court Order to Transfer Land Over RMB18.8 Million Debt

Reuters
01/28
China CBM Group Subsidiary Nuoxin Receives Court Order to Transfer Land Over RMB18.8 Million Debt

Nuoxin (Xian County) Engineering Materials Company Limited, a wholly-owned subsidiary of China CBM Group Co. Ltd., has received an enforcement ruling from the People's Court of Xian County, Hebei Province. The court ordered that industrial land and buildings owned by Nuoxin be delivered to Hebei Xiongyue Qicheng Trading Co., Ltd. to offset an outstanding debt of RMB18.8 million. The assets are valued at RMB25 million, and ownership will transfer after the applicant pays a price difference of RMB6.2 million to Nuoxin via the court.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China CBM Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260127-12002664), on January 27, 2026, and is solely responsible for the information contained therein.

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