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China Sky Chemical Fibre Company Returns Land To Authorities
Daily Bulletin | 18 November 2015
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China Sky Chemical Fibre Company’s wholly-owned subsidiary, Qingdao Zhongda Chemical Fibre Company, has returned the land where its manufacturing plant is located to the Qingdao City Huangdao District Land Resources and Housing Authority.

The group will receive a total compensation of approximately Rmb263.7 million comprising of compensations for the land, building demolition, dismantling building structure, machinery and equipment, landscaping, subsidies for close of operations and relocation. The group will relocate its manufacturing operations to a new piece of land located in Hongshiya Road, Huangdao District, Qingdao City that was acquired in November 2011.

China Sky Chemical Fibre  -- -- --   
Business: Mfr of high-end quality nylon in PRC.

Insight: Nov-15, Co's wholly-owned subsidiary, Qingdao Zhon... Read More

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