Jilin Province Chuncheng Heating Co. Ltd. announced an update on its major asset transaction involving the acquisition of certain heat production assets from Changre Group. The assets include pipes, trenches, machinery, equipment, and a vehicle. The acquisition of land parcels was terminated due to delivery issues, but the company was granted the right to use the land during the relevant period. The company will pay RMB48,850,355.65 for the assets acquired, excluding the land.
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