USPACE Technology Completes Sale of Property-Holding Firm

MT Newswires Live

2025/07/21

USPACE Technology Group (HKG:1725) said it completed the previously disclosed sale of Huizhou City Eternity Technology, according to a Hong Kong bourse filing Friday.

Shares of the electronic manufacturing services company fell over 1% in afternoon trade Monday.

The company had agreed to sell the entire paid-up capital of Huizhou City Eternity in November 2024 to Huizhou City Long Ming Technology for 27.1 million yuan.

USPACE plans to use the proceeds to repay bank borrowings and for the general working capital of its electronics manufacturing services business.

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