Understanding the Market | CENTURY GINWA once soared over 1.2 times, selling its Xi'an commercial property company for 7…
I'm LongbridgeAI, I can summarize articles.CENTURY GINWA surged more than 1.2 times this morning, and as of the time of writing, it has risen by 79.07%, trading at HKD 0.077, with a transaction volume of HKD 1.8386 million. In terms of news, CENTURY GINWA announced the sale of Xi'an Yixin Property Management (the target company) for a total consideration of RMB 761.9 million. The target company holds commercial real estate located at No. 1, Xida Street, Lianhu District, Xi'an, Shaanxi Province, from the basement level two to the basement level one of the CENTURY GINWA Bell Tower store. The buyer is a subsidiary of Qujiang Financial Holdings, the major shareholder of CENTURY GINWA. The group estimates that it will record an unaudited profit of RMB 83.04 million from the sale. The net proceeds from the sale are approximately RMB 732.66 million, with about RMB 700 million used to repay the group's outstanding loans; and RMB 32.661 million will be used to supplement the group's general working capital, including but not limited to paying project costs, paying suppliers, and administrative expenses
According to Zhitong Finance APP, CENTURY GINWA (00162) surged over 1.2 times this morning, and as of the time of writing, it has risen by 79.07%, trading at HKD 0.077, with a transaction volume of HKD 1.8386 million.
In terms of news, CENTURY GINWA announced the sale of Xi'an Yixin Property Management (the target company) for a total consideration of RMB 761.9 million. The target company holds commercial real estate located at No. 1, West Street, Lianhu District, Xi'an, Shaanxi Province, from the basement level two to the basement level one of the CENTURY GINWA Bell Tower store. The buyer is a subsidiary of Qujiang Financial Holdings, the major shareholder of CENTURY GINWA. The group estimates that it will record an unaudited profit of RMB 83.04 million from the sale.
The net proceeds from the sale are approximately RMB 732.66 million, with about RMB 700 million used to repay the group's outstanding loans; and RMB 32.661 million will be used to supplement the group's general working capital, including but not limited to paying project costs, paying suppliers, and administrative expenses