Dynasty Winery, Subsidiary of Dynasty Fine Wines, Enters Compensation Agreement with Tianjin Yiyang

Reuters
20 May
Dynasty Winery, Subsidiary of Dynasty Fine Wines, Enters Compensation Agreement with Tianjin Yiyang

Dynasty Winery, a wholly-owned subsidiary of Dynasty Fine Wines Group Limited, has entered into a Compensation Agreement with Tianjin Yiyang. Under the agreement, Dynasty Winery will surrender its equipment installed on a site owned by a connected party in exchange for compensation amounting to RMB52,748,559 (approximately HK$57,149,035). This transaction follows negotiations regarding the assets installed at the wine chateau site, which features a wine museum and related facilities. Dynasty Winery is primarily engaged in the manufacturing and sale of wine products in the PRC.

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