Dacheng Sugar Sells Corn Starch Production Equipment and Parts to Mother Enterprises

Dentons Sugar Co(0389.HK) announced that the Group sold a number of equipment and components, including those producing corn starch and by-products, to several member companies of Dentons Biochemical Group at a total cost of RMB6.257 million (the same)yvj
The Group expects to recognize a return of approximately $312,000 from the transaction and the proceeds will be used in the Group's general working capitalyvj
As Dentons Biochemicals holds 64% of the company and is a controlling shareholder, Dentons Biochemical Group is a related person of the companyyvj
The Company indicated that the Group will begin to gradually relocate its production facilities to the new site of Xinglongshan Town, Changchun City, and in view of the atmosphere of the upstream corn refining market at that time, the Group has suspended the production of its upstream products located in Changchun City, so some of its equipment, spare parts and raw materials have been idle, I believe that the sale of its idle assets, can make better use of resources, while increasing its equipment The overall utilization rate and reduced production costsyvjDentons Sugar (03889.HK) announced that the Group sold a number of equipment and components, including equipment and related components for the production of corn starch and by-products, to several member companies of Dentons Biochemical Group at a total cost of RMB6.257 million (the same)yvj
The Group expects to recognize a return of approximately $312,000 from the transaction and the proceeds will be used in the Group's general working capitalyvj
　　As Dentons Biochemicals holds 64% of the company and is a controlling shareholder, Dentons Biochemical Group is a related person of the company yvj
　　The company said that the Group will begin to gradually relocate its production facilities to the new site of Xinglongshan Town, Changchun City, and in view of the atmosphere in the upstream corn refining market at that time, the Group has suspended the production of its upstream products located in Changchun City, so some of the equipment, spare parts and raw materials have been idle, I believe that the sale of its idle assets, can make better use of resources, while increasing the overall utilization of its equipment and reduced production costs yvj share the feed