Tianhe Co., Ltd. (002999.SZ) announcement. The previous announcement revealed that the company plans to participate in an auction to purchase agricultural production in Guangdong Province...
Zhitong Finance App News, Tianhe Co., Ltd. (002999.SZ) announced that the company plans to participate in the auction to purchase the property on the 10th, 11th, and 12th floors of the Automation Building, No. 707 Dongfeng East Road, Yuexiu District, Guangzhou (“Target Asset”), which is publicly listed and auctioned by Guangdong Agricultural Production Materials Corporation (“Provincial Agricultural Company”) at the Guangdong Joint Property Exchange Center (“Trading Center”).
On January 2, 2024, the company received a notice from the provincial agricultural company forwarded by the trading center. The provincial agricultural company decided not to sell the underlying assets due to changes in its business plan and applied to the trading center to terminate the project, so the company decided to stop participating in the bidding to purchase the underlying assets.