Chang'an Automobile: it is expected to obtain the compensation price for collection and storage of 605 million yuan
Chang'an Automobile announced that the company plans to sign the housing purchase and storage agreement for urban renewal project in Chang'an No. 3 factory area with Qu chengkai group. The purchase and storage of Chang'an automobile can obtain a compensation price of 605 million yuan. After deducting the book value of assets and disposal taxes from the price expected to be received for this asset disposal, the net profit of Chang'an automobile is expected to increase by 356-420 million yuan.
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