FANTASIA (01777) announced on November 26, 2025, that Seller A (its wholly-owned subsidiary, Cai Hua Holdings Limited) entered into an agreement with Buyer A (Shenzhen Tuomei Lianhua Trading Co., Ltd.) to sell its equity in Tiange (Tiange Electronics Limited) for a total consideration of RMB30 million. Tiange holds approximately 60.67% equity in the project company (Shenzhen Anbo Electronics Co., Ltd.), a property development firm holding the project. Upon completion of the Tiange sale, the group will no longer retain any interest in the target group (Tiange and the project company).
On the same day, Seller B (another wholly-owned subsidiary, Shenzhen Fantasia Industrial Operation Co., Ltd.) signed an agreement with Buyer B (Shenzhen Lianxiang Commercial Management Co., Ltd.) to sell its equity in Huahuo (Shenzhen Huahuo Innovation Industrial Operation Management Co., Ltd.) for RMB1 million. Post-transaction, the group will cease to hold any stake in Huahuo.
Additionally, Seller C (a non-wholly-owned subsidiary, Shenzhen Yuehua Innovation Technology Industrial Park Co., Ltd.) agreed with Buyer C (Shenzhen Longlian Investment Consulting Co., Ltd.) to transfer debt worth RMB48 million under a debt transfer agreement.
Tiange primarily engages in investment holding and was an indirect wholly-owned subsidiary of the company as of the announcement date. The project company develops properties, including Phase II of the Anbo Electronics Project—an industrial park in Longgang District, Shenzhen, spanning 39,816.75 square meters with a leasable area of 65,653.72 square meters for mixed commercial and office use.
Huahuo operates industrial parks, property leasing, and management services, acting as a sub-landlord for the mentioned property in Longgang District. The disposals aim to strengthen the group's cash flow and working capital, improving financial liquidity. After final audit, the group expects a net gain of approximately RMB7.26 million, with proceeds allocated for general operational funding.
Comments