# 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.

- Type: Contract
- Announced: 2016-12-05
- Where: Kunming, Yunnan, China
- Value: $17.1M (118.0M CNY)
- Status: completed
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Kunming Machine Tool](https://endata.com/companies/16267.md)
- [Panlong District Government](https://endata.com/companies/16469.md) (customer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/34143.html), 2016-12-07: "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。"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.