Tianshan Materials Co., Ltd. (stock code: 000877, stock abbreviation: Tianshan Co.) and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
000877SZSE
Progress Announcement on the Government's Expropriation of Subsidiary Properties in Suzhou's Gusu District
✨ AI Summary
Tianshan Materials Co., Ltd. announced the approval of an expropriation agreement with the Suzhou Gusu District government for its subsidiary. The subsidiary, Suzhou Concrete Cement Products Research Institute, received a pre-compensation payment of 130 million yuan. A total compensation of approximately 224.99 million yuan is agreed upon, with a relocation deadline set for March 9, 2026. This transaction is expected to enhance the company's asset utilization without negatively impacting operations.
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