South China Unit to Sell Use Rights of China Industrial Property for Nearly 43 Million Yuan

MT Newswires Live

07/21

South China (HKG:0413) unit Everwin Toys (Dongguan) will sell the right of use of a property in China to Dongguan Qingxi Xiekeng Industrial Investment for a little over 42.6 million yuan, a Monday Hong Kong bourse filing said.

The property comprises two land sites for industrial use in Guangdong Province, China, with a combined area of 43,345 square meters.

The manufacturer of toys, shoes, and electronic products will use proceeds from the sale as general working capital.

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