China Partytime Sells Subsidiary for 80 Million Yuan, Leases Back Premises

MT Newswires Live

Nov 19, 2024

China Partytime Culture Holdings (HKG:1532) subsidiary Partytime Group agreed to sell the entire registered capital of Zhejiang Zhongpai Enterprise Management to Zhejiang Bestway Costume & Accessory for 80 million yuan, a Tuesday Hong Kong bourse filing said.

A portion of the proceeds will be allocated towards repaying outstanding borrowings and funding the expansion and enhancement of its manufacturing and production site in Yichun City, Jiangxi Province. The remaining funds will be used for general working capital purposes.

Concurrently, China Partytime has entered into a lease agreement with Zhejiang Bestway to rent certain premises within the Industrial Park in Yiwu City, Zhejiang Province.

The lease term is three years, with monthly rental rates increasing annually from 2.5 million yuan in the first year to 2.7 million yuan in the third year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2484194807"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2484194807\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2484194807?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-19 20:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484194807","market":"hk","top_or_hot":-1,"title":"China Partytime Sells Subsidiary for 80 Million Yuan, Leases Back Premises","media":"MT Newswires Live","content":"<html><body><p> China Partytime Culture Holdings (HKG:1532) subsidiary Partytime Group agreed to sell the entire registered capital of Zhejiang Zhongpai Enterprise Management to Zhejiang Bestway Costume &amp; Accessory for 80 million yuan, a Tuesday Hong Kong bourse filing said.</p><p>A portion of the proceeds will be allocated towards repaying outstanding borrowings and funding the expansion and enhancement of its manufacturing and production site in Yichun City, Jiangxi Province. The remaining funds will be used for general working capital purposes.</p><p>Concurrently, China Partytime has entered into a lease agreement with Zhejiang Bestway to rent certain premises within the Industrial Park in Yiwu City, Zhejiang Province.</p><p>The lease term is three years, with monthly rental rates increasing annually from 2.5 million yuan in the first year to 2.7 million yuan in the third year.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Partytime Sells Subsidiary for 80 Million Yuan, Leases Back Premises</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Partytime Sells Subsidiary for 80 Million Yuan, Leases Back Premises\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-11-19 20:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> China Partytime Culture Holdings (HKG:1532) subsidiary Partytime Group agreed to sell the entire registered capital of Zhejiang Zhongpai Enterprise Management to Zhejiang Bestway Costume &amp; Accessory for 80 million yuan, a Tuesday Hong Kong bourse filing said.</p><p>A portion of the proceeds will be allocated towards repaying outstanding borrowings and funding the expansion and enhancement of its manufacturing and production site in Yichun City, Jiangxi Province. The remaining funds will be used for general working capital purposes.</p><p>Concurrently, China Partytime has entered into a lease agreement with Zhejiang Bestway to rent certain premises within the Industrial Park in Yiwu City, Zhejiang Province.</p><p>The lease term is three years, with monthly rental rates increasing annually from 2.5 million yuan in the first year to 2.7 million yuan in the third year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01532","symbol_name":"中国派对文化","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2484194807","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484194807","pubTimestamp":1732018645,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"China Partytime Culture Holdings (HKG:1532) subsidiary Partytime Group agreed to sell the entire registered capital of Zhejiang Zhongpai Enterprise Management to Zhejiang Bestway Costume & Accessory f","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01532":"中国派对文化","BK1227":"服装、服饰与奢侈品"},"translate_title":"China Partytime以8000万元出售子公司，回租房屋","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01532":0.9},"content_text":"China Partytime Culture Holdings (HKG:1532) subsidiary Partytime Group agreed to sell the entire registered capital of Zhejiang Zhongpai Enterprise Management to Zhejiang Bestway Costume & Accessory for 80 million yuan, a Tuesday Hong Kong bourse filing said.A portion of the proceeds will be allocated towards repaying outstanding borrowings and funding the expansion and enhancement of its manufacturing and production site in Yichun City, Jiangxi Province. The remaining funds will be used for general working capital purposes.Concurrently, China Partytime has entered into a lease agreement with Zhejiang Bestway to rent certain premises within the Industrial Park in Yiwu City, Zhejiang Province.The lease term is three years, with monthly rental rates increasing annually from 2.5 million yuan in the first year to 2.7 million yuan in the third year.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}