Yip’s Chemical Holdings’ Subsidiary to Dispose of Land Use Right in Shanghai

Yip’s Chemical Holdings ( (HK:0408) ) just unveiled an announcement.

Yip’s Chemical Holdings, through its subsidiary Bauhinia Coatings, has entered into a Land Resumption Agreement with the Land Reserve Centre and the Committee to dispose of a land use right for approximately RMB69,110,000. This transaction, classified as a discloseable transaction under Hong Kong’s Listing Rules, involves the sale of industrial land in Shanghai and includes a Supplemental Agreement detailing the obligations and cost allocations related to vacating the property.

More about Yip’s Chemical Holdings

YTD Price Performance: -3.68%

Average Trading Volume: 4,300

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $104M

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