Guangdong Land Holdings Limited (HK:0124) has released an update.
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Guangdong Land Holdings Limited has voluntarily informed its shareholders and potential investors of a strategic asset realignment, involving the gratuitous transfer of commercial property valued at roughly RMB365 million within its subsidiary companies. The transaction, aimed at optimizing asset management and reducing operating costs, involves the transfer of part of a high-end shopping mall in Guangzhou to enhance the Group’s asset efficiency and value creation. Shareholders are advised to exercise caution when dealing in the company’s shares.
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