On the evening of August 4, China
Evergrande (name)
An official announcement was made that the Group entered into a release agreement with the transferee whereby the original contract was terminated and the Group returned the Guangzhou
Evergrande (name)
land use rights of the soccer stadium site, and the transferee will pay a total of RMB5.52 billion in premium refund.
Transferee: Guangzhou Municipal Planning and Natural Resources Bureau
Guangzhou subprovincial city and capital of Guangdong
Evergrande (name)
The soccer stadium was begun on April 16, 2020 and was originally scheduled to be completed by the end of 2022, with a total investment of RMB 12 billion, covering an area of 150,000 square meters, with a total floor area of 493,800 square meters, and is expected to accommodate 100,000 spectators upon completion, in an attempt to surpass the Barcelona Camp Nou Stadium as the world's largest and most technologically advanced professional soccer stadium.
