% | $
Quotes you view appear here for quick access.

НТЕ Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • cemadh_99 cemadh_99 Jan 31, 2013 9:15 AM Flag

    Land and products

    According to NTE's 20-F filing, only the government and peasant cooperatives can own land in China.
    This 3 million square feet and all the other land on NTE's books are held b 50 year leases

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • All land is leased for 50 year terms in China. At the end of 50 years, you renew your lease. In a sense, you basically "own the land" as far as value goes, but technically it is leased. Land changing hands in the $200 to $500 per sq foot ranges is all leased.

      Technically, China could refuse renewal of your leases I suppose, but if that ever happened, the entire Chinese economy would impolode as real estate is a huge aspect of the economy. It would make what happened in the USA 4 years ago look like a walk in the park.