[ET Net News Agency, 20 September 2018] ZTE Corporation (00763) said it proposed to
sell the land and property assets located in North Zone, Xili Industrial Park of Nanshan
District of Shenzhen and Buji Sub-district of Longgang District of Shenzhen, respectively,
held directly or indirectly by the company, to Shenzhen Investment (SIHC).
The company, its subsidiaries ZTE Kangxun and Guoxin Electronics entered into the
relevant mortgage contract and contract for the pledge of equity with SIHC to provide
guarantee under the project secured by its subsidiary Guoxin Electronics and land blocks
and buildings mentioned above.
SIHC shall pay the first instalment of RMB2.2 billion to the company within 3 working
days after the agreement and the relevant mortgage contract and contract for the pledge of
equity come into effect.
An application for registration relating to the mortgaged assets and pledged assets
shall be submitted to the competent authorities within 15 days from the date of payment of
the first instalment by SIHC. (SC)
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00763 ZTE
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15.820 +0.400 (+2.594%) Others
20/09/2018 09:58
ZTE (00763) plans to sell Shenzhen property assets to SIHC
| Remark: | Real time quote last updated: 20/09/2024 17:09 |
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