Sundy Service (09608) announced that on October 31, 2025, the buyer (Hangzhou Sundy Property Management Co., Ltd., an indirect wholly-owned subsidiary of the company) intends to purchase parking spaces from the seller (Hangzhou Sundy Real Estate Group Co., Ltd.) for a total consideration of RMB 10.59 million. The parking spaces are located on the second underground level of Sundy Building at No. 789 Fuchun Road, Hangzhou, China.
The acquisition of these parking spaces is primarily aimed at capital preservation and as a stable investment measure. These assets represent high-quality operating assets with core advantages such as low operating costs, high revenue potential, and stable cash flow, which will contribute to the company's sustained earnings. This aligns with the company's strategy of investing in premium assets.
Located in a prime area surrounded by financial institutions, high-end hotels, and Grade A office buildings, the parking spaces benefit from strong demand for both business and daily parking, ensuring stable operations. Additionally, as dedicated underground parking spaces for an independent office building, they experience consistently high demand from daily commuters and visitors, maintaining high occupancy rates year-round.
By acquiring and professionally managing these parking spaces (including but not limited to leasing), the company aims to establish a stable additional revenue stream. This move will effectively optimize the company's income structure, enhance overall profitability and risk resilience, and create greater value for shareholders.
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