Huafu Fashion's (SHE:002042) unit, Zhejiang Huafu Color Spinning, agreed to receive a compensation of 260.4 million yuan to transfer land to Shangyu District, Shaoxing City, China, according to a Shenzhen Stock Exchange disclosure on Thursday.
The land, including buildings, measures 82,035.86 square meters.
The transaction is expected to raise the Chinese melange yarn manufacturer's net profit by about 180 million yuan, the disclosure added.
The company's shares dropped less than 4% at the close.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。