RICI HEALTH (01526) Plans to Invest Nearly RMB 200 Million in Shanghai Residential Property

Stock News
2025/11/04

RICI HEALTH (01526) announced on November 4, 2025, that its wholly-owned subsidiary, Shanghai RICI Ruibo Outpatient Department Co., Ltd., intends to purchase a residential property from Shanghai Eastern Airlines Real Estate Co., Ltd. The property, located at Unit 1-4, 13th Building, No. 377 Longqi Road, Xuhui District, Shanghai, covers a total gross floor area of approximately 570.06 square meters, with a total consideration of around RMB 199 million.

The board of directors believes the acquisition represents a sound medium-to-long-term investment for the company. Situated in Xuhui District, one of Shanghai's core commercial and residential hubs, the property benefits from the city's status as an international center for economy, finance, trade, logistics, and technological innovation. Shanghai's thriving economy, significant growth potential, and favorable investment environment further enhance the property's value.

Given ongoing development projects in the vicinity and Shanghai's overall growth trajectory, the board remains optimistic about the property's long-term capital appreciation potential. Consequently, the acquisition is viewed as a strategic investment opportunity capable of delivering reasonable returns for the company.

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