Fineland Living Services Terminates Major Property Transaction
Reuters
Nov 28, 2025
<a href="https://laohu8.com/S/09978">Fineland Living</a> Services Terminates Major Property Transaction
Fineland Living Services Group Ltd. has announced the termination of a major transaction involving a settlement agreement with Heshan Fudu Property Development Company Limited. The agreement, dated 21 June 2023, required Fineland Living Services to procure payment of approximately RMB4.0 million and set off outstanding receivables of about RMB16.0 million by accepting a transfer of properties from the vendor. However, due to significant construction delays and unresolved title transfer issues, the transaction could not be completed by the long stop date of 28 November 2025. As a result, the agreement was rescinded, and Fineland Living Services is currently negotiating with the vendor to recover outstanding receivables, with potential legal action under consideration.
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