Fujian Newchoice Pipe Technology (300198.SZ) subsidiary plans to sell idle assets for 60.1212 million yuan.
*ST Nachuan (300198.SZ) announced that its subsidiary's subsidiary, Sichuan Nachuan Pipe Material Co., Ltd. ("Sichuan Nachuan"), plans to sell its state-owned construction land use rights and above-ground buildings and structures located on the west side of Liaoning Avenue, Huagai Town, Anzhou District, Mianyang City, to Mianyang Fuhang Construction Co., Ltd. for 60.1212 million yuan, and has agreed to sign the relevant asset transfer agreement. The company to which the transaction target belongs, Sichuan Nachuan, ceased operations and production at the end of October 2024 and is currently idle. This transaction is conducive to the company revitalizing idle assets.
Fujian Newchoice Pipe Technology (300198.SZ) announced that its subsidiary's subsidiary, Sichuan Nachuan Pipe Materials Co., Ltd. ("Sichuan Nachuan"), plans to sell its state-owned construction land use rights and above-ground buildings and structures located on the west side of Liaoning Avenue, Huaigai Town, Anzhou District, Mianyang City, to Mianyang Fuhang Construction Co., Ltd. for 60.1212 million yuan, and has agreed to sign the relevant asset transfer agreement. The company to which the transaction target belongs, Sichuan Nachuan, ceased operations and production at the end of October 2024 and is currently idle. This transaction is conducive to the company revitalizing idle assets.
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