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China Jinjiang, local govt sign compensation deal over facility closure

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Published Wed, Sep 26, 2018 · 09:50 PM

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CHINA Jinjiang Environment on Wednesday said that its wholly-owned subsidiary, Hangzhou Yuhang Jinjiang Environment Energy, has signed a compensation agreement with the local government to receive a compensation of 289.8 million renminbi (S$57.5 million), following negotiations over the closure of a WTE facility that the subsidiary owns and operates.

The sum includes land compensation, housing compensation and fair value of equipment, among other components.

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