China Vocational Education (HKG:1756) affiliate Guangzhou Huali Science and Technology Vocational College agreed to acquire two student dormitory buildings in Guangdong from Guangdong Hualiyuan Technology for 37.7 million yuan.
The six-story buildings, located near the college's Yunfu campus, have a combined gross floor area of about 10,501 square meters and will be used as student dormitories, according to a Hong Kong bourse filing.
One building is currently leased to the Group for about 126,000 yuan a month.