Chongqing Changan Automobile (SHE:000625, SHE:200625) agreed to transfer its property in Yubei District, Chongqing City, China to the city's local government for 2.56 billion yuan, according to a Shenzhen Stock Exchange filing on Thursday.
The property included land, buildings, and related ancillary assets. The building area is about 239,800 square meters and the land use right area is about 212,300 square meters.
The automobile company will have to handover and vacate the property before Sept. 30, 2027, the filing said.
The company's A shares rose more than 1% in recent trade.
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