Shenzhen Agricultural Products (SHE:000061) subsidiary Shenzhen Guocai Trading received the full land compensation payment of 58.0 million yuan from the Pingshan Planning and Natural Resources Bureau.
The payment follows the government's compensated repurchase of land use rights for Parcel No. G14301-0001, according to a Friday filing with the Shenzhen bourse.
Shares of the agricultural products company closed 1% higher Friday.