Yangtzekiang Garment Co. Ltd. (HK:0294) has released an update.
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Yangtzekiang Garment Co. Ltd. has entered into an agreement to sell a property in Shanghai for approximately HK$17.98 million. Despite anticipating a loss from the sale, the company plans to use the proceeds as general working capital. This transaction underscores the firm’s strategic financial maneuvers amidst fluctuating property values.
For further insights into HK:0294 stock, check out TipRanks’ Stock Analysis page.