Herald Holdings Announces Relocation Compensation Deal Worth HK$22.14 Million

Reuters

04-28

Herald Holdings Announces Relocation Compensation Deal Worth HK$22.14 Million

Herald Holdings Limited announced on April 28, 2025, that its wholly-owned subsidiary, Herald Investments, has entered into Relocation Compensation Agreements with Baihe Land Office. Under the agreements, Herald Investments will surrender two pieces of land in exchange for compensation. The total compensation includes an initial installment of approximately RMB5.36 million, with further payments contingent on specific conditions. The transaction qualifies as a discloseable transaction under Hong Kong's Listing Rules.

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. Herald Holdings Limited published the original content used to generate this news brief on April 28, 2025, and is solely responsible for the information contained therein.

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Under the agreements, Herald Investments will surrender two pieces of land in exchange for compensation. The total compensation includes an initial installment of approximately RMB5.36 million, with further payments contingent on specific conditions. The transaction qualifies as a discloseable transaction under Hong Kong's Listing Rules.Disclaimer: This news brief was created by Public Technologies  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. 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