SAMPLE TECH plans to publicly list for sale part of the land use rights for industrial real estate in Nanjing
SAMPLE TECH plans to publicly list and sell the land use rights of certain industrial real estate in Nanjing, with a starting price of no less than RMB 187 million. The group will seek shareholder authorization to complete the sale, which includes certain owned properties and land use rights, and is expected to accelerate asset turnover, reduce liabilities, and supplement working capital
According to the Zhitong Finance APP, SAMPLE TECH (01708) announced that the company plans to publicly list and sell its sales assets on the production exchange. Therefore, the board of directors intends to seek shareholders' prior authorization at an extraordinary general meeting to grant the directors the authority to enter into and complete the proposed sale. The reserve price will be determined by the group, but will not be less than approximately RMB 187 million (including value-added tax).
As of the date of this announcement and prior to the proposed sale, the group owns industrial real estate located at No. 10 Maqun Avenue, Qixia District, Nanjing City, Jiangsu Province, China, with the real estate registration certificate number Su (2025) Ningqi Real Estate No. 0033368. The land area is 76,760.91 square meters, the building area is 51,932.05 square meters, and the usage period is from August 18, 2003, to August 17, 2053, including eight properties. The sales assets consist of part of the self-owned buildings and the land use rights within the scope of the relevant buildings of the aforementioned real estate. The group is the sole owner of the real estate rights of the sales assets. The sales assets include building numbers F1, F3, F4, and F5, with a total building area of 16,955.3 square meters, corresponding to an allocated land area of 13,262.6 square meters, and also include the right of way to public areas and the use rights of shared facilities such as water, electricity, internet, communication, fire protection, greening, etc., as well as the decoration and renovation that are inseparable from its functional use.
The sales assets are non-core assets of the group, and the proposed sale will not affect the development of the group's main business. The board of directors believes that the proposed sale (if realized) will enable the group to revitalize its assets, accelerate asset turnover, and support the overall strategic planning of the company; the cash inflow generated from the proposed sale will be used to repay loans and borrowings, which can reduce the group's interest-bearing liabilities; and supplement the group's general working capital and develop its main business
