Yuexiu Property Company Limited (00123) said it intends to dispose of 100% equity interest held by Extra Act in Nanhai Yuexiu and the related liabilities of Nanhai Yuexiu by way of a public tender process to be carried out via the Guangzhou Enterprises Mergers and Acquisition Services.
Foshan Nanhai Yuexiu Property Company Limited (Nanhai Yuexiu) is a company established in the PRC and is wholly-owned by Extra Act Limited (Extra Act), a wholly-owned subsidiary of the Company established in Hong Kong. Nanhai Yuexiu mainly holds a complex property project in Nanhai comprising shopping malls, entertainment facilities, offices and residential properties.
The potential disposal is expected to improve the group's asset turnover rate and generate additional cash inflow, which would enhance the group's ability to acquire or invest in other land parcels or property projects.
全新節目《說說心理話》青少年不可以戀愛！？真實個案講述驚心動魄經歷► 即睇
