Xinjiang Tianshun Supply Chain (SHE:002800) agreed to receive three residential units to offset about 5 million yuan in debt owed by a government agency in Urumqi's Economic and Technological Development Zone.
The assets have been independently valued and will replace overdue payments, according to a Tuesday filing with the Shenzhen bourse.
The agreement is pending completion of property transfer procedures.
The supply chain services provider closed 1% lower Tuesday.
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