SC HOLDINGS' subsidiary plans to sell two industrial land parcels located in Dongguan City
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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
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