Changsha Broad Homes Industrial Group Co., Ltd. (02163) said the company and its subsidiary Ningxiang Broad Homes have agreed to sell 100% equity interest in Broad Construction Industrial (the target company) at a total consideration of RMB292 million.
The scope of principal business of the target company includes housing construction works, professional contracting of foundation projects, professional contracting of earthwork; research, development and application of housing industrialization technology and construction methods, etc.
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