公告称，投资物业多年来一直处于闲置状态，并无收入，需要大量开支维护投资物业。鉴于自COVID-19开始以来中国国内对物业购买的需求减少且中国物业市场经历动荡及持续的深度调整，公司面临财务困难，并收到针对公司的付款呈请。因此，出售事项为业务增长提供所需资金。Crown Global Group (00727) issued an announcement. In August 2022, Zhongshan Hualianshi, a wholly-owned subsidiary of the company...
According to Zhitong Finance App, Crown Global Group (00727) announced that in August 2022, Zhongshan Hualian Industrial Development Co., Ltd. (Zhongshan Hualian), a wholly-owned subsidiary of the company, signed 11 sales agreements with the buyer in the open market. Zhongshan Hualian sold investment properties to 11 buyers at a total cost of RMB 381 million.
According to reports, the tenders for the sale were a number of residential and commercial properties located at Daxing Haoyuan, No. 69, Zhongshan 3rd Road, East District, Zhongshan City, China. The construction was completed in June 2019.
The announcement said that investment properties have been idle for many years, have no income, and require large expenses to maintain investment properties. In view of the decline in demand for property purchases in China since the beginning of COVID-19 and the turbulent and continuous deep adjustments in the Chinese property market, the company faced financial difficulties and received payment petitions against the company. As a result, the sale provided the funds needed to grow the business.
