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We're Not Very Worried About Hunan Tyen MachineryLtd's (SHSE:600698) Cash Burn Rate
hunan tyen machinery (600698.SH): Subsidiary signed an agreement on compensation for asset acquisition and storage.
格隆汇November 4th, hunan tyen machinery (600698.SH) announced that the board of directors approved the company's wholly-owned subsidiaries, Hunan Tyen Machinery Co., Ltd., Hunan Tyen Electromechanical Co., Ltd., to sign relevant agreements with Hengyang Land Reserve Center after approval by the board of directors. For specific details, please refer to the announcement《Announcement of Hunan Tyen Machinery Co., Ltd. on the lease of land, buildings and other assets by wholly-owned subsidiaries》 disclosed on the same day. Recently, Tyen Machinery, Tyen Electromechanical respectively signed a《Compensation Agreement for State-owned Construction Land Use Rights for Ground Buildings》with Hengyang Land Reserve Center.
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Revenues Not Telling The Story For Hunan Tyen Machinery Co.,Ltd (SHSE:600698) After Shares Rise 29%
Hunan Tyen MachineryLtd (SHSE:600698) Rises 9.5% This Week, Taking Five-year Gains to 71%