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AVIC Chengfei: Wholly-owned subsidiary signs a state-owned construction land use rights transfer contract
AVIC Chengfei Announcement: Recently, its wholly-owned subsidiary Chengdu Aircraft Industry (Group) Co., Ltd. officially signed the “State-owned Construction Land Use Rights Transfer Contract” and its supplementary agreement with the Chengdu Planning and Natural Resources Bureau. The land parcel covers an area of 147,600 square meters, located in Kuaihuo Community, Huangtianba Street, Qingyang District, north of Tengfei Avenue. The land use is classified as Category I industrial land, with a transfer period of 20 years. The land transfer price is 177 million yuan, payable in installments, interest-free.