Suxin Joyful Life Services Co., Ltd. Class H (HK:2152) has released an update.
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Suxin Joyful Life Services Co., Ltd. has successfully bid RMB49.57 million for land use rights in Suzhou, China, through a public tender, with the deal being categorized as a discloseable transaction under listing rules. The acquisition, which will be partially funded by the company’s net proceeds and internal resources, will not require a shareholder vote. The company believes the purchase price is fair and reasonable based on current market conditions and the land’s potential.
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