Leading Holdings Unit to Sell Land in Henan Province for 95 Million Yuan

MT Newswires Live

01-27

Leading Holdings Group (HKG:6999) subsidiary Zhumadian Shengshi Weiguang Real Estate Development agreed to sell a land parcel in Henan Province, China, to Zhumadian Zhengyu Real Estate for 95.3 million yuan, a Monday Hong Kong bourse filing said.

The land is located at the intersection of Zhangtai Road and Jianshe Avenue, Yicheng District, Zhumadian City, Henan Province, China. It has a total area of 70,590.49 square meters and has been approved for residential and commercial use.

The company plans to use the proceeds from the disposal to provide guarantees for the group's projects.

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