Gelonghui, March 13 | China Glass (03300.HK) announced that Tongliao China Glass, an indirect wholly-owned subsidiary of the company, has successfully bid for land use rights in the Horqin Left Wing Houqi Industrial Park in Tongliao City, Inner Mongolia, China in a public tender. On March 13, 2024, Tongliao China and Horqin's left-wing Houqi Natural Resources Bureau signed a confirmation on the land acquisition, at a cost of RMB 507.33 million.
Tongliao China and the Horqin Left Wing Houqi Natural Resources Bureau are expected to sign a land use rights contract by March 28, 2024.