EASTROC (09980.HK): Zhengzhou base signs RMB 98.05m land contract
- The site sits west of Jingkai 31st Avenue and north of Jingnan 15th Road, with the transfer plan approved by the Zhongmu County People's Government.
- The land will host the Zhengzhou production base, which the Company expects to improve coverage and supply response in central China.
NewTimeSpace News: On 3 November 2026, Eastroc Beverage (Group) Co., Ltd. (stock code: 09980) published an overseas regulatory announcement under Rule 13.10B, saying its wholly-owned subsidiary Zhengzhou Dongpeng Vitamin Beverage Co., Ltd. signed a land use right transfer contract with the Zhongmu County Natural Resources and Planning Bureau of Henan Province for a 160,727.39 sq m industrial site at RMB 98,050,000.00.
The site, west of Jingkai 31st Avenue and north of Jingnan 15th Road, carries a 50-year term for the Company's Zhengzhou production base. The transfer plan was approved by the Zhongmu County People's Government and the price is payable in a lump sum by 24:00 on 31 December 2026, within 60 days of signing. The Company said the land will expand market coverage and supply response in central China and cut logistics costs, and that the deal is not a connected transaction or a material asset restructuring.
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