1.03 billion yuan, UL sold Chengdu subsidiary and land to Evergrande
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Last Update: 2019-08-13
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Source: Internet
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Author: User
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On August 12, UL International Holdings Limited (03933 HK) disclosed its investment agreement with Evergrande group According to the content of the agreement, on August 7, UL (Hong Kong) and Evergrande Chengdu, a subsidiary of Evergrande group, reached an agreement to subscribe 100% equity of UL Chengdu subsidiary for 1.03 billion yuan and its 324000 square meters land in Chengdu According to UL, the site is located in the south section of Mudan Avenue in Pengzhou City and is used for production plants It was closed in 2014 and changed to commercial residential use According to the agreement, based on the total consideration of 1.03 billion yuan, it is expected that UL (Hong Kong) will gain about 36 million yuan from the transaction At the same time, UL (Hong Kong) said the proceeds from the transaction will be used in the working capital of the pharmaceutical production and sales business.
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