Boyaa Interactive International Unit Buys Office Building in China; Shares Fall 5%

MT Newswires Live09-05

Boyaa Interactive International (HKG:0434) unit Hantang Jiyuan China has completed a bid to acquire certain property in China through a judicial auction process for roughly 56.3 million yuan, a Wednesday bourse filing said.

The property includes but is not limited to an office building, its ancillary factory building, and certain ancillary facilities in the Henan Province of China.

The unit has transferred the consideration amount to the designated bank account of the People's Court of Hongqi District, Xinxiang, which had arranged the judicial auction process.

The company will use part of the office premises as an operation base and a customer service center for its online games business, while the rest will continue to be leased out.

Shares of the company were down nearly 5% in recent trade.

Price (HKD): $1.43, Change: $-0.030, Percent Change: -2.05%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment