South China Holdings Updates Shareholding Change in RMB290 Million Land and Plant Sale

Reuters
01/28
South China Holdings Updates Shareholding Change in RMB290 Million Land and Plant Sale

South China Holdings Company Limited has provided an update regarding the sale of land use rights and a plant building, following earlier announcements made in December 2025 and January 2026. The purchaser of the assets, previously owned by individuals Hu Wenwu (80%) and Xu Hongyan (20%), has undergone a change in its shareholding structure effective from 16 January 2026. After the change, Guangdong Zhongjin Industrial Investment Group Limited now holds 20% of the registered capital of the purchaser, with Zeng Jingfeng identified as the ultimate beneficial owner of Zhongjin Industrial. All other terms and details of the transaction remain unchanged, with the aggregate consideration for the disposal amounting to RMB290 million (approximately HK$318.7 million).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South China Holdings Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260128-12003273), on January 28, 2026, and is solely responsible for the information contained therein.

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