BRIEF-Neway Group Holdings says Zhongda Qingyuan to swap existing land with new land

March 17 (Reuters) - Neway Group Holdings Ltd

* Zhongda Qingyuan has agreed to swap existing land with new

land and certain compensatory payment

* Qingyuan Hi-Tech Zone Management Committee and Zhongda

Qingyuan agreed that price for existing land and new land are

same and set as rmb57.2 million

* In connection with land swap, Qingyuan Hi-Tech Zone

Management Committee to pay compensatory payment of rmb45

million to Zhongda Qingyuan

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(bangalore.newsroom@thomsonreuters.com)