Tongyu Communication (SHE:002792) directors approved a plan to sell its old factory building in Zhongshan, China, along with its corresponding land use rights, according to a Saturday filing with the Shenzhen bourse.
The properties are valued at 13.6 million yuan, with a depreciation value of 12.4 million yuan, equivalent to a net book value of about 1.3 million yuan.
The transaction price is yet to be determined, the communications equipment manufacturer said in its disclosure.
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