Yuexiu Property Co Sells Subsidiary for RMB1.09 Billion

Yuexiu Property Co (HK:0123) has released an update.

Yuexiu Property Co has announced the sale of its entire equity interest in a subsidiary, the Target Company, for RMB1.09 billion. The transaction, completed by public tender, involves the Guangzhou International Commercial Center’s office space and car parks. Directors believe the deal is fair and beneficial for the company and its shareholders.

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