Kimou Environmental repurchases and disposes Tianjin factory
Kimou Environmental Holding Limited has announced the repurchase of Factory 802 in Tianjin Bingang Park by its non-wholly owned subsidiary, Tianjin Jinhuadu, for a consideration of RMB49,068,000 (inclusive of taxes). Simultaneously, Tianjin Jinhuadu has agreed to dispose of Factory 802 and its respective Land Use Rights to Tianjin Hongyue for RMB57,788,000. The transactions, while individually below 5% of applicable percentage ratios, collectively exceed 5%, thus classifying them as a discloseable transaction under the Hong Kong Listing Rules. The company expects to record an unaudited net disposal gain of approximately RMB2,000,000. The proceeds will support continuous business development and working capital. The repurchase and disposal aim to facilitate a long-term partnership with Tianjin Hongyue and optimize the Group's asset structure.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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