Greentown China Holdings (HK:3900) has released an update.
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Greentown China Holdings recently disclosed the valuation details for the disposal of a target property through its holding company, valued at RMB474 million as of September 2024. The valuation process, carried out by Tianyuan Asset Appraisal Co., Ltd., used a market approach for investment properties and an asset-based approach for shareholder equity. This disposal is a strategic move for Greentown China Holdings, as it navigates the commercial real estate market.
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