FilingReader Intelligence
Guangzhou Development sells land for 508m yuan, plans 8bn notes
July 30, 2025 at 11:49 AM UTC•By FilingReader AI
Guangzhou Development will sell a 40,540 square meter land plot to Guangzhou Baiyun District People's Government for 508 million yuan, potentially boosting net profit by 400 million yuan.
The company plans to issue mid-term notes not exceeding 8 billion yuan to repay debts and optimize its debt structure.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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SSE:600098•Shanghai Stock Exchange
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