Core Viewpoint - Zhengye International (03363) announced the sale of a property for approximately RMB 8.8074 million, which is part of a redevelopment project in Zhongshan, China [1] Group 1: Property Sale Details - The seller is Zhongshan United Hongxing Intelligent Manufacturing Co., Ltd., a non-wholly owned subsidiary of the company [1] - The buyer is Zhongshan Brothers Supply Chain Co., Ltd. [1] - The property is located at No. 138, Xin Hao South Road, Shaxi Town, Zhongshan City, specifically on the 7th and 8th floors of Building 1 of the Songwan Zhigu Intelligent Manufacturing Project [1] Group 2: Project Background - The land was originally designated for the construction of a paper mill wastewater treatment facility and auxiliary material warehouse [1] - To enhance land utilization, the company responded to the Zhongshan government's "Three Olds" renovation initiative and applied for redevelopment, which was approved in July 2022 [1] - The first phase of the project commenced in December 2023, involving the construction of three high-standard industrial buildings with a total construction area of approximately 39,913.89 square meters [1] Group 3: Financial Implications - The board believes that the sale represents a good opportunity to realize the property's value at a reasonable price [1] - Proceeds from the sale will be used for project development or to supplement the company's operating funds [1]
正业国际附属拟880.74万元出售中山市物业