---
title: "REDCO GROUP transfers assets to REDCO Health to repay debts of 159 million RMB"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272909930.md"
description: "REDCO GROUP announced the transfer of assets to its 75% owned subsidiary REDCO Health Life, including parking spaces, residential units, and retail units, for a total consideration of RMB 159 million, which will be used to offset the group's outstanding refundable deposits and service fees"
datetime: "2026-01-18T10:42:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272909930.md)
  - [en](https://longbridge.com/en/news/272909930.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272909930.md)
---

# REDCO GROUP transfers assets to REDCO Health to repay debts of 159 million RMB

REDCO GROUP (01622.HK) announced the transfer of assets to its 75%-owned subsidiary REDCO HEALTHY LIVING (02370.HK), including parking spaces, residential units, and retail units, for a total consideration of RMB 159 million, which will be used to offset the group's outstanding refundable deposits and service fees

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