Various units of Sunfonda Group (HKG:1771) agreed to sell all their equity interest in Xi'an Sunfonda Jing River Logistics Development to Xi'an Zhongyu Real Estate for 81.9 million yuan, a Monday filing with the Hong Kong bourse said.
The target company, which engages mainly in domestic logistics services, owns a property located in Jinghe Industrial Park in Shaanxi Province, China.
The automobile seller will use proceeds from the disposal for general working capital for the development of its main business.
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