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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。