Palm(SZ:002431) Zhong Guo Jing Ying Bao·2025-12-11 09:49Core Viewpoint - The strategic cooperation agreement between Palm Eco-Town Development Co., Ltd. and the government of Guangxin District, Shangrao City, has been officially terminated after nearly 7 years and an investment scale of 9 billion yuan [2][4]. Group 1: Project Overview - The "Shangrao Shili Zhuanxi International Eco-Tourism Resort Project" was signed in October 2017 with a total investment of approximately 9 billion yuan, aimed at creating a high-end resort integrating eco-tourism, leisure, health, and family entertainment [3][4]. - Palm Eco-Town was responsible for the overall planning, development, and operation of the project, intending to integrate resources through market-oriented operations and partnerships [3]. Group 2: Reasons for Termination - The termination of the investment agreement was influenced by multiple factors, including the overall planning of the Guangxin District government, changes in government policies, and the company's strategic investment considerations [4]. - Following the termination, the parties involved will continue to honor the obligations already fulfilled, while unfulfilled obligations will be terminated [4]. Group 3: Related Projects and Land Issues - The PPP project for the comprehensive governance of the Zhuanxi River, initiated in December 2018, has seen a total investment of 1.446 billion yuan and is currently in operation [6]. - The termination of the cooperation has raised concerns regarding the handling of 196.54 acres of commercial land originally planned for project development, with ongoing discussions for its recovery with the government [6][7]. - Specific details regarding the land recovery price and timeline have not been disclosed by the company, which has indicated that further information will be provided in future announcements [7].