ZHENGYE INT'L's Subsidiary Sells Zhongshan Property for Approximately 7.88 Million Yuan

Stock News
Apr 27

ZHENGYE INT'L (03363) announced that on April 27, 2026, its indirect non-wholly-owned subsidiary, Zhongshan Union Hongxing Intelligent Manufacturing Co., Ltd., has entered into an agreement to sell a property to Zhongshan Shengqiang Rubber & Plastic Industry Co., Ltd. The property is located on the first floor of Building 3 in the Songwan Zhigu Intelligent Manufacturing Project at No. 138 Xinhao South Road, Shaxi Town, Zhongshan City, China. It has a total floor area of 1,208.06 square meters and the transaction is valued at approximately 7.88 million yuan. The Board of Directors believes the sale presents an opportunity for the group to realize the property's value at a reasonable price. The proceeds from the transaction will be used for the project's development and construction or to supplement the group's working capital.

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