Sino-Ocean Service FY2025 acquires 191 PRC parking spaces; consideration totals RMB 31 million due to receivables set-off

Reuters03-25
<a href="https://laohu8.com/S/06677">Sino-Ocean Serv</a>ice FY2025 acquires 191 PRC parking spaces; consideration totals RMB 31 million due to receivables set-off
  • Ocean Homeplus, a wholly owned unit of Sino-Ocean Service Holding, entered a Parking Space Asset Acquisition Agreement to acquire 191 parking spaces in the PRC for RMB 31.0 million.
  • The consideration will be fully settled by set-off against refundable deposit receivables of RMB 31.0 million due from Beijing Yuanxin under the 2022 Framework Agreement, with no separate cash payment.
  • The target assets total approximately 7,918 sq.m., and a valuation as at the Valuation Benchmark Date came in at RMB 31.0 million using the market approach.
  • The transaction is classified as a connected transaction and a discloseable transaction under the Listing Rules, and it requires Independent Shareholders’ approval at an EGM.
  • Net profit before taxation for the target assets was RMB 281,000, while net profit after taxation was RMB 211,000.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sino-Ocean Service Holding Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260325-12067627), on March 25, 2026, and is solely responsible for the information contained therein.

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