South China Holdings Announces Disposal of Land Use Right in Discloseable Transaction

Reuters
Jul 21
South China Holdings Announces Disposal of Land Use Right in Discloseable Transaction

South China Holdings Co. Ltd. announced a discloseable transaction involving the disposal of a land use right. On July 21, 2025, the company's indirect wholly-owned subsidiary, acting as the vendor, entered into a Sale and Purchase Agreement with the purchaser. The purchaser agreed to acquire the land use right for RMB42,624,000 (approximately HK$46,840,000). This transaction, exceeding 5% but less than 25% of applicable percentage ratios under Rule 14.07 of the Listing Rules, requires notification and announcement as per Chapter 14 of the Listing Rules.

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