China Ouhua uncertain on land transfer completion


KUALA LUMPUR: Bursa Malaysia-listed China Ouhua Winery Holdings Ltd says it is unable to ascertain the completion date of transfer of a land title of some land and buildings in Yantai City, China which it had acquired more than 10 years ago.

The acquisition, for which it signed the sales and purchase agreement in December 2013, had seen the company paying 90% of the purchase price of 132 million yuan or valued at RM70.4mil then for the said properties.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: Binastra, Capital A, Allianz, MN, Vestland, Genting Plantations, YTL Cement, Pimpinan Ehsan, TH Plantations, Marine & General, FGV, SumiSaujana
Energy transition to propel Sarawak’s future
New tech leaves other sectors behind
Indonesia’s domestic investors dominate as FDI falters for 2025
Construction companies poised to�sustain growth
US Federal Reserve vice-chair says interest rates are well positioned
If I were an ageing oil palm tree
Hurdles in DBS’ Alliance Bank bid
Germany proposes giving EV buyers subsidies to boost demand
Metals keep shining bright

Others Also Read