FilingReader Intelligence

Huafa Industrial sells Shenzhen land for 4.4bn yuan

July 28, 2025 at 01:11 PM UTCBy FilingReader AI

Huafa Industrial sold seven commercial land plots in Shenzhen for 4.405 billion yuan. The transaction will result in a loss exceeding 50% of the company's 2024 net profit.

The sale aims to enhance liquidity and optimize asset allocation.

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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