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森美控股(00756.HK)以人民币3880万元出售泉州一物业

Senmei Holdings (00756.HK) sells a property in Quanzhou for RMB 38.8 million

財華社 ·  Jan 18, 2022 23:00

[Caihua News] Senmei Holdings (00756.HK) announced that on January 18, 2022, the seller (Senmei (Fujian) Food Co., Ltd., the company's indirect wholly-owned subsidiary) entered into a sale and purchase agreement with the buyer for the sale of the property at a consideration of RMB 38.8 million.

The property is located at No. 184 Xiazeng Village, Luoyang Town, Taiwan Investment Zone, Quanzhou. The saleable area of the property is measured to be about 16200 square meters according to the registered floor plan. The property will be sold to the buyer on a "status quo" basis.

The property is classified as the property, plant and equipment of the Group. According to the audited consolidated accounts of the company as at 30 June 2021, the carrying amount of the property is approximately RMB 8 million. After deducting transaction expenses, the company estimates that the proceeds from the sale will be approximately RMB 29 million.

The Board considers that the disposal is a good opportunity for the Group to realize its investment and improve its liquidity position. The proceeds from the disposal will further enhance the cash flow of the Group, and the disposal will enable the Group to reallocate resources for further development when opportunities arise. The Directors are of the view that as there are already other plants to fill the capacity, the disposal will not have a significant impact on the Group's business.

The net proceeds from the sale (after deducting intermediary fees, legal fees and ancillary expenses) are estimated to be approximately RMB 37 million. The Company intends to use the net proceeds from the disposal to repay the Group's bank loans and to serve as general working capital.

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