Zhi Sheng Group Holdings Announces Acquisition of Land Use Right and Secures Financial Assistance from Executive Director

Reuters

May 16

Zhi Sheng Group Holdings Announces Acquisition of Land Use Right and Secures Financial Assistance from Executive Director

Zhi Sheng Group Holdings Ltd. has announced the acquisition of a land use right, marking a significant development in their asset portfolio. The transaction, initially delayed due to an internal reporting oversight, will be financed through an unsecured interest-free loan facility of up to RMB16 million provided by Mr. Lai Ningning, an executive director and substantial shareholder of the company. In light of the delay, Zhi Sheng Group Holdings is implementing enhanced internal reporting measures and staff training to prevent future occurrences.

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. Zhi Sheng Group Holdings Ltd. published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.

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.

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In light of the delay, Zhi Sheng Group Holdings is implementing enhanced internal reporting measures and staff training to prevent future occurrences.\n      \n\nDisclaimer: 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. Zhi Sheng Group Holdings Ltd. published the original content used to generate this news brief on May 16, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}