SC HOLDINGS' subsidiary plans to sell two industrial land parcels located in Dongguan City
SC HOLDINGS announced that its wholly-owned subsidiary has signed an agreement with Dongguan Qingxi Xiekeng Industrial Investment to sell two industrial land parcels located in Dongguan for a total price of RMB 42.624 million. The property was originally planned to expand toy production capacity but has been idle due to the relocation of production lines to Vietnam. The board believes that this sale will improve the financial situation, increase working capital, and will not have a significant impact on production or business
According to the announcement from SC HOLDINGS (00413), on July 21, 2025, the seller (an indirect wholly-owned subsidiary of the company) entered into a sale and purchase agreement with the buyer, Dongguan Qingxi Xiekeng Industrial Investment (as the buyer). The buyer has agreed to acquire, and the seller has agreed to sell the land use rights for a total consideration of RMB 42.624 million (equivalent to approximately HKD 46.84 million).
It is reported that the property consists of two parcels of industrial land located in Xiekeng Village, Qingxi Town, Dongguan City, Guangdong Province, China, with areas of 23,748.36 square meters and 19,596.86 square meters, respectively (including an empty shell building with a construction area of approximately 2,600 square meters).
The property was previously planned to support the seller's expansion of toy production capacity in the future. However, as the seller strategically shifted production lines from China to Vietnam to optimize operational efficiency and enhance supply chain flexibility and diversification, the property has remained idle. The board believes that the sale presents a good opportunity for the group to realize the value of idle assets that will no longer be used to generate income at a reasonable price, and the proceeds from the sale will improve the group's financial position, increase general working capital, and provide additional resources for the group's business development. Since the property is currently not in use, the board further believes that the sale will not have a significant impact on the group's production or business operations
