USPACE Technology Unit to Sell Property-Holding Firm

MT Newswires Live11-25

USPACE Technology Group (HKG:1725) unit Huizhou City Eternity agreed to sell the entire paid-up capital of Huizhou City Eternity Technology to Huizhou City Long Ming Technology for 27.1 million yuan, a Nov. 22 bourse filing said.

The company will use proceeds from the issue to repay bank borrowings and for the general working capital of its electronics manufacturing services business.

The target company engages mainly in property holding and its major asset is a parcel of land and buildings in Guangdong Province, China.

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