Xinyang Maojian Group Announces Major Property Sale

Xinyang Maojian Group (HK:0362) has released an update.

Xinyang Maojian Group has entered into a major transaction involving the sale of a significant property in Repulse Bay, Hong Kong, for HK$72,000,000. The sale, which is subject to shareholder approval, will see the transfer of a duplex flat and two car park spaces previously acquired for investment purposes. Details of the sale will be provided in a forthcoming circular, which will include financial information and an independent property valuation.

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