Fuxing China Appoints Independent Valuer to Assess Market Value of Dyed Yarn Company

MT Newswires

2025/03/10

Fuxing China (SGX:AWK) appointed an additional independent third party valuer, Fuijian Jinnuo Land real Estate Asset Appraisal to carry out independent valuation of the market value of its interest in Jinjiang Jianxin Weaving.

Jinnuo does not have any interest in the shares of the group, according to a filing with the Singapore Exchange on Friday.

In a filing from Dec. 11, 2024, the company's wholly owned subsidiary, jade Star, had entered into a conditional share purchase agreement with Liansheng New Materials for the disposal of its interest in Jinjiang Jianxin Weaving, which is engaged in the manufacturing and sales of dyed yarn.

Shares of the company were down nearly 2% in recent trading.

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