TYSJ's subsidiary plans to sell machinery and equipment related to the automotive brake pads and components project production line, as well as real estate
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TYSJ announced plans to sell the machinery and equipment related to the automotive brake pads and components project, as well as real estate held by its wholly-owned subsidiary Tianjin TYSJ. The sale includes machinery and equipment worth 17.5 million yuan and the state-owned land use rights valued at 33.9 million yuan. This business has not generated economic benefits in recent years, and Tianjin TYSJ is in a loss-making state. Subsequent operations will be transferred to the Beijing base, and the sale will not affect the company's overall revenue
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