Shanghai Industrial Holdings Announces Sale of Subsidiary Assets for RMB2.05 Billion
Reuters
Jul 18
Shanghai Industrial Holdings Announces Sale of Subsidiary Assets for RMB2.05 Billion
Shanghai Industrial Holdings Ltd. announced a disclosable transaction involving the disposal of certain assets by its indirect subsidiary, Quanzhou SIID. The transaction, dated 18 July 2025, includes three separate agreements: Quanzhou SIID has agreed to sell Assets I to Quanzhou Zhenyuan for RMB96,247,262, and both Assets II and III to Quanzhou Xinyuan for RMB1,149,752,342 and RMB806,689,767 respectively. The assets involved include residential units, parking spaces, and a parcel of land in Quanzhou City, Fujian Province, China. The total consideration for these disposals is RMB2,052,689,371.
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