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ASSETS CLASSIFIED AS HELD FOR SALE
12 Months Ended
Dec. 31, 2019
ASSETS CLASSIFIED AS HELD FOR SALE [abstract]  
Disclosure of assets classified as held for sale

17        ASSETS CLASSIFIED AS HELD FOR SALE

 

By April 19, 2018, with the approval of the board of directors, the Group entered into an irrevocable land use right transfer agreement with the Guangzhou Land Development Center ("GLDC"), transferring the land to GLDC, and the transfer price was RMB1,304,717,000. The transfer of assets was not completed in 2019 and the Group received RMB848,066,000 from GLDC in advance (Note 28).