Tande plans to convert part of its inventory resources into investment properties
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Tande announced that its wholly-owned subsidiary Zhuhai Tande Real Estate Co., Ltd. will convert part of the inventory resources of Building 1 of the "Tande • Shang Tang Fu" project into investment properties, involving a construction area of 22,081.65 square meters, 573 rooms, and a book value of 536,003,800 yuan. This conversion will promote the dual-driven development model of the company's real estate development and asset operation, improve asset utilization efficiency, increase overall revenue, and will not affect the company's ongoing operations or the interests of minority shareholders
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