Discloseable transaction acquisition of land use right

Summary by 6ix AI

XJ International Holdings Co. Ltd. has announced the acquisition of land use rights through a public auction by its subsidiary, Nanchong Xiqi, for a significant consideration. The land is located in Jialing District, Nanchong City, and is intended for urban residential use, with a term of land use rights lasting for several decades. This transaction is classified as a discloseable transaction under the Listing Rules, requiring reporting but not shareholder approval. The acquisition aims to enhance living conditions for teaching staff at Hope College, thereby improving the quality of education provided by the Group.

Written by 6ix AI from the company’s filing. How 6ix writes summaries