BBMG (02009.HK): Chongqing land resumption for RMB 1.95 billion
- The transaction was approved at the 25th meeting of the seventh board on 9 October 2026 and disclosed as a progress announcement filed with the Shanghai Stock Exchange under Rule 13.10B.
- The three plots are A22-1/08 (No. 3), A20-1/07 (No. 4) and A11-1/05 (No. 9) in group A of the Chayuan-Lujiao zone, Nan'an District, Chongqing.
NewTimeSpace News: On 20 October 2026, BBMG Corporation (stock code: 02009) published an overseas regulatory announcement setting out a progress announcement filed with the Shanghai Stock Exchange. Its wholly-owned subsidiary Chongqing Jinyu Dacheng Xinduhui Co., Ltd. signed an agreement with the Chongqing Nan'an District land reserve and land requisition affairs centre on 16 October 2026 to return the land use rights of three plots in the Chayuan-Lujiao group A zone, covering 139,187 square metres, for a total consideration of RMB 1.948 billion.
The transaction was approved at the 25th meeting of the seventh board on 9 October 2026 and was published in accordance with Rule 13.10B of the Listing Rules. It remains subject to approval by the Chongqing Municipal People's Government under local land resumption rules and to completion of the consideration payment before it formally completes.
