CHINA BOTON (03318) opened 55% higher yesterday but later retreated, closing with a 16% gain. Today, the stock fell nearly 12%, wiping out most of its previous gains. At the time of writing, it was down 11% to HKD 1.86, with a turnover of HKD 3.33 million.

The company announced that its indirect wholly-owned subsidiary, Shenzhen Boton, signed a land acquisition agreement with the local authorities of Xili Subdistrict, Nanshan District, Shenzhen, on December 7, 2025. Under the agreement, the subsidiary will transfer the designated land and its usage rights to the authorities in exchange for a cash compensation of RMB 2.27 billion.

The deal involves land transfer in Nanshan District, with compensation amounting to approximately HKD 2.495 billion, which is expected to have a positive impact on the company's financial position.