Baotou Huazi Industry (600191.SH) plans to sell Huazi Hotel and its affiliated marketing building for a price of 29.1 million yuan.
Huazhi Industry (600191.SH) announced that the company plans to sell Huazhi Hotel and its affiliated marketing building to Baotou Prairie Sugar Industry (Group) Co., Ltd. (referred to as "Prairie Sugar Industry") for a transaction amount of 29.1 million yuan. It is reported that Huazhi Hotel ceased operations to the public in 2018 and has since only been used for temporary accommodation for visiting clients, with very low utilization. This sale will help enhance the company's liquidity and improve its asset operation efficiency.
Baotou Huazi Industry (600191.SH) announced that the company plans to sell the Huazi Hotel and its attached marketing building to Baotou Grassland Sugar Industry (Group) Co., Ltd. (referred to as "Grassland Sugar Industry") for a transaction amount of 29.1 million yuan. It is reported that the Huazi Hotel ceased operations to the public in 2018, and has since only been used for temporary accommodation for visiting customers, with very low utilization. This sale will help strengthen the company's liquidity, and improve the efficiency of asset operation.
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