Kunming Machine Tool signs supplementary land compensation agreement with Panlong District

Kunming Machine Tool signed supplementary agreements with the Panlong District government regarding land and building compensation for its factory site. The payment terms were modified to a single lump sum of approximately RMB 118 million, due by December 25, 2016.

“甲方应在协议生效当日或者协议生效后至2016年12月25日前, 一次性向乙方支付土地补偿款，即人民币约1.18亿元。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com昆明机床(00300)与盘龙区茨坝街道办事处签署补充协议Dec 7, 2016

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