Teda Corporation: Major asset sale involving real estate business undergoes special investigation with no violations.
Taida Group announced that it plans to sell 51% of the equity of Tianjin Taida Energy Group Co., Ltd. held by the company to Tianjin Taida Supply Chain Management Co., Ltd. This transaction constitutes a major asset reorganization and related party transaction. The company and its project companies conducted a special self-examination of real estate project development from January 1, 2023 to October 1, 2025, involving 11 real estate projects. The self-examination showed that the project companies did not engage in illegal activities such as idle land, land speculation, hoarding, or price manipulation, and have not been subject to administrative penalties or investigations. The company promises to bear the compensation responsibility for losses caused by undisclosed illegal activities.
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