Fudan Forward S&T's Unit Completes Sale of Gaoxin Real Estate Development

MT Newswires Live

2025/05/27

Shanghai Fudan Forward S&T's (SHA:600624) unit, Shanghai Fuhua Hi-Tech Park Development, completed the offloading of its 41% equity interest in Shanghai Gaoxin Real Estate Development, according to a Shanghai bourse filing on Tuesday.

Individual investor Su Yiying bought the stake for 9.8 million yuan, the Chinese computer software company said.

Fuhua Hi-Tech Park Development no longer holds any stake in Gaoxin Real Estate Development after the transaction.

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