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North Copper's Subsidiaries to Continue Leasing Property for 130 Million Yuan

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North Copper (SHE:000737), formerly Nafine Chemical Industry Group, said two of its subsidiaries plan to continue leasing property from Zhongtiaoshan Nonferrous Metals Group for 130.1 million yuan, according to a Shenzhen bourse filing on Friday.

Shanxi Northern Copper and Shanxi Zhongtiaoshan Electromechanical Equipment will renew their leases for 10 land parcels and sign a new lease for one land plot.

The annual rent will cost 17.6 million yuan.

The copper company's shares rose 1% during the afternoon trade.

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