Century Sunshine Says Luozhuang District Government Terminates Land Exchange Agreement

MT Newswires Live02-02

Century Sunshine Group (HKG:0509) said a district government in China terminated an agreement to acquire and provide land to its non-wholly owned subsidiary, Shandong Hongri Chemical, according to a Hong Kong bourse filing Monday.

The agreement asked Shandong Hongri Chemical to relocate from an urban area to an industrial park with China's Luozhuang District to procure new land for such a purpose.

However, the Luozhuang district government terminated the agreement even though Shandong Hongri had already relocated machinery and demolished its factory for such a purpose, citing the company's failure to discharge its soil pollution investigation and remediation obligations.

Shandong Hongri Chemical has submitted an application to the Linyi municipal government asking for the termination notice to be revoked and plans to apply with China's Supreme Court for a retrial of an earlier high court ruling that held that the soil remediation issue was a prerequisite for the land transfer exchange by the Luozhuang district government.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2608836637?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-02 10:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2608836637","market":"nz","top_or_hot":-1,"title":"Century Sunshine Says Luozhuang District Government Terminates Land Exchange Agreement","media":"MT Newswires Live","content":"<html><body><p> Century Sunshine Group (HKG:0509) said a district government in China terminated an agreement to acquire and provide land to its non-wholly owned subsidiary, Shandong Hongri Chemical, according to a Hong Kong bourse filing Monday.</p><p>The agreement asked Shandong Hongri Chemical to relocate from an urban area to an industrial park with China's Luozhuang District to procure new land for such a purpose.</p><p>However, the Luozhuang district government terminated the agreement even though Shandong Hongri had already relocated machinery and demolished its factory for such a purpose, citing the company's failure to discharge its soil pollution investigation and remediation obligations.</p><p>Shandong Hongri Chemical has submitted an application to the Linyi municipal government asking for the termination notice to be revoked and plans to apply with China's Supreme Court for a retrial of an earlier high court ruling that held that the soil remediation issue was a prerequisite for the land transfer exchange by the Luozhuang district government.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Century Sunshine Says Luozhuang District Government Terminates Land Exchange Agreement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCentury Sunshine Says Luozhuang District Government Terminates Land Exchange Agreement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-02-02 10:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Century Sunshine Group (HKG:0509) said a district government in China terminated an agreement to acquire and provide land to its non-wholly owned subsidiary, Shandong Hongri Chemical, according to a Hong Kong bourse filing Monday.</p><p>The agreement asked Shandong Hongri Chemical to relocate from an urban area to an industrial park with China's Luozhuang District to procure new land for such a purpose.</p><p>However, the Luozhuang district government terminated the agreement even though Shandong Hongri had already relocated machinery and demolished its factory for such a purpose, citing the company's failure to discharge its soil pollution investigation and remediation obligations.</p><p>Shandong Hongri Chemical has submitted an application to the Linyi municipal government asking for the termination notice to be revoked and plans to apply with China's Supreme Court for a retrial of an earlier high court ruling that held that the soil remediation issue was a prerequisite for the land transfer exchange by the Luozhuang district government.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00509","symbol_name":"世纪阳光(新)","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2608836637","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608836637","pubTimestamp":1770000833,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Century Sunshine Group (HKG:0509) said a district government in China terminated an agreement to acquire and provide land to its non-wholly owned subsidiary, Shandong Hongri Chemical, according to a H","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00509":"世纪阳光(新)","BK1113":"化肥与农用药剂","CNBKA":"世纪银行","BK1543":"农业股票概念"},"translate_title":"世纪阳光称罗庄区政府终止土地交换协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNBKA":1.5,"00509":0.9},"content_text":"Century Sunshine Group (HKG:0509) said a district government in China terminated an agreement to acquire and provide land to its non-wholly owned subsidiary, Shandong Hongri Chemical, according to a Hong Kong bourse filing Monday.The agreement asked Shandong Hongri Chemical to relocate from an urban area to an industrial park with China's Luozhuang District to procure new land for such a purpose.However, the Luozhuang district government terminated the agreement even though Shandong Hongri had already relocated machinery and demolished its factory for such a purpose, citing the company's failure to discharge its soil pollution investigation and remediation obligations.Shandong Hongri Chemical has submitted an application to the Linyi municipal government asking for the termination notice to be revoked and plans to apply with China's Supreme Court for a retrial of an earlier high court ruling that held that the soil remediation issue was a prerequisite for the land transfer exchange by the Luozhuang district government.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608836637","isCrawlerRequest":true}