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A subsidiary of Rongtai Group (01172) and Sichuan Juxinghua Trading signed separate sales agreements for the sale of properties

Zhitongcaijing·10/26/2026 04:41:06
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According to Zhitong Finance App, Rongtai Group (01172) issued an announcement. On October 26, 2026, the seller Rongtai Development (Chengdu) Co., Ltd. (an indirect wholly-owned subsidiary of the Company) and the buyer Sichuan Juxinghua Trading Co., Ltd. signed separate sales agreements for the sale of properties.

The target property is a full-floor commercial property located on the 6th floor, No. 1, Section 4, Renmin South Road, Wuhou District, Chengdu, Sichuan, China.

The director believes that the sale is a good opportunity for the company to obtain capital to increase its cash flow situation. The directors believe that the terms of the sale agreement and the transactions to be carried out under it are fair and reasonable, and conform to the overall interests of the Company and shareholders.