Soyea Technology to Auction 27.5% Stake in Xiangtai Real Estate

Trading View
2025.06.13 10:20
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Soyea Technology subsidiary Zhongxing Real Estate will publicly auction a 27.5% stake in Xiangtai Real Estate for at least 184.2 million yuan via the Hangzhou Property Rights Exchange. Xiangtai Real Estate incurred a net loss of 9.6 million yuan in 2024, according to a Friday filing with the Shenzhen bourse. The sale, approved by Sooyoung's board, aims to streamline operations and improve profits. Shares of the real estate company closed 4% lower Friday.

Soyea Technology subsidiary Zhongxing Real Estate will publicly auction a 27.5% stake in Xiangtai Real Estate for at least 184.2 million yuan via the Hangzhou Property Rights Exchange.

Xiangtai Real Estate incurred a net loss of 9.6 million yuan in 2024, according to a Friday filing with the Shenzhen bourse.

The sale, approved by Sooyoung's board, aims to streamline operations and improve profits.

Shares of the real estate company closed 4% lower Friday.

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