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Yip's Chemical Holdings' Subsidiary to Dispose of Land Use Right in Shanghai
YIP'S CHEMICAL Group (00408.HK): Selling land use rights.
On January 17, 2025, YIP'S CHEMICAL GROUP (00408.HK) announced that its indirect wholly-owned subsidiary, Zijinghua Coatings, along with the Land Reserve Center and the Committee, signed a land reserve agreement. According to this agreement, the Land Reserve Center agrees to acquire, and Zijinghua Coatings agrees to hand over and sell the land use rights for a consideration of 69.11 million yuan (equivalent to approximately 74.342 million Hong Kong dollars). On January 17, 2025, Zijinghua Coatings and the Committee entered into a supplementary agreement specifying the responsibilities of both parties regarding the restoration work to be carried out on the vacated target land.
Express News | Yip's Chemical Holdings Ltd - Disposal of Land Use Right for RMB69.1 Mln
Hong Kong stocks Concept Tracking | Under the guidance of policies, the recovery of domestic demand is expected, Institutions are Bullish on the chemical Sector and expect a turnaround in prosperity (including Concept stocks).
The reversal of the chemical industry's prosperity may not be far away.
Hong Kong stock concept tracking | Several chemical enterprises are expected to perform well in the first three quarters, the chemical industry enters the peak season for sales in September and October (with concept stocks).
The chemical industry is expected to enter its best demand peak season of the year.
YIP'S CHEMICAL: 2024 Interim Report
