---
title: "Zhong Jia Guo Xin Sells Idle Beverage Production Machinery in Discloseable Deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286296844.md"
description: "Zhong Jia Guo Xin Holdings Company Limited has agreed to sell unused bottled water and beverage production machinery for RMB5.8 million to Taizhou Zheli Materials Co., Ltd. The assets, held by its subsidiary Zhejiang Shangshui Jieyun Food Co., Ltd., have been idle for years. The sale price reflects a significant premium over the assets' net book value of approximately HK$299,000 as of March 31, 2026. This transaction is classified as a discloseable deal and is part of the company's strategy to optimize underutilized assets."
datetime: "2026-05-13T14:39:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286296844.md)
  - [en](https://longbridge.com/en/news/286296844.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286296844.md)
---

# Zhong Jia Guo Xin Sells Idle Beverage Production Machinery in Discloseable Deal

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Asia Resources Holdings Limited ( (HK:0899) ) has issued an announcement.

Zhong Jia Guo Xin Holdings Company Limited has agreed to dispose of a batch of unused bottled water and beverage production machinery and accessories held by its indirect wholly owned PRC subsidiary, Zhejiang Shangshui Jieyun Food Co., Ltd. The assets, which have been idle for several years, are being sold to Taizhou Zheli Materials Co., Ltd., an independent third party, for RMB5.8 million in cash.

The consideration was set after arm’s length negotiations, referencing the assets’ net book value of about HK$299,000 as of 31 March 2026 and their condition, implying a substantial premium to book. Completion is subject to the company meeting Hong Kong listing rule requirements and the purchaser’s inspection and acceptance, with the deal classified as a discloseable transaction that signals ongoing optimisation of underutilised assets within the group’s portfolio.

**More about Asia Resources Holdings Limited**

Zhong Jia Guo Xin Holdings Company Limited, incorporated in Bermuda and listed in Hong Kong, operates through subsidiaries in mainland China, including Zhejiang Shangshui Jieyun Food Co., Ltd. The group’s activities include ownership of bottled water and beverage production assets, although some of this machinery has remained unused and idle for years, prompting portfolio rationalisation.

**Average Trading Volume:** 292,614

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$88.14M

For a thorough assessment of 0899 stock, go to TipRanks’ Stock Analysis page.

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