BBMG Corporation's wholly owned subsidiary, Chongqing BBMG Dacheng Xinduhui Company Limited, will sign a land use right recovery agreement with the Land Reserve and Land Acquisition Affairs Center of Nan'an District, Chongqing. The agreement covers three plots numbered 3, 4, and 9 in Nan'an District, Chongqing. The total area of these plots is 140,000 square meters, with a proposed reserve price of 1.948 billion yuan. The transaction aims to revitalize existing assets and improve asset utilization efficiency. In the first half of 2026, BBMG Corporation achieved revenue of 35.916 billion yuan and a net loss attributable to the parent company of 2.172 billion yuan.
BBMG Corp Class ABBMG's subsidiary will recover 140,000 sqm of Chongqing land for 1.948 billion yuan, revitalizing assets and improving utilization efficiency.
Chongqing BBMG Dacheng Xinduhui is the subsidiary signing the land recovery agreement worth 1.948 billion yuan.
