China Yurun Subsidiary Sells Assets for RMB51M

China Yurun Food Group (DE:C7Y) has released an update.

China Yurun Food Group’s subsidiary, Xinjiang Qixing, has entered into an agreement to sell land and properties in Xinjiang county for RMB51 million (around HK$55.59 million). This move is set to enhance the company’s cash flow and is not expected to disrupt operations, as it has other production facilities in place. The transaction qualifies as a discloseable transaction under the Hong Kong Listing Rules, indicating its significance to the company’s financial activities.

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