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c zenith chem announced the signing of a strategic investment framework agreement.
C Zenith Chem (00362) announced that on November 18, 2024, the company entered into a strategic investment framework agreement with three companies incubated by Suzhou Chuyi Enterprise Management Co., Ltd. (Suzhou Chuyi): Hubei Yidong Yimei Management Co., Ltd. (Yidong Yimei), Hubei Daohua Industrial Development Co., Ltd. (Daohua Industrial), and Fabudo Dining Management (Peking) Co., Ltd. (Fabudo). According to the framework agreement, Yidong Yimei, Daohua Industrial, and Fabudo agreed to cooperate with the company and commit to making strategic investments to support the company in developing its business according to the regulations of the Hong Kong capital markets and under certain conditions.
c zenith chem (00362.HK) entered into a strategic investment framework agreement.
On November 18, Gelonghui reported that c zenith chem (00362.HK) announced that on November 18, 2024, the company signed a strategic investment framework agreement with three companies incubated by Suzhou Chu Yi He Enterprise Management Co., Ltd. (Suzhou Chu Yi): Hubei Yidong Yimei Management Co., Ltd., Hubei Daohua Industrial Development Co., Ltd., and Fafuduo Dining Management (Peking) Co., Ltd. According to the framework agreement, Yidong Yimei, Daohua Industry, and Fafuduo agreed to cooperate with the company and committed to making strategic investments in the company to support its development of business in accordance with Hong Kong capital market regulations and certain conditions. According to different cooperation stages.
China Zenith Chemical Eyes Sale of 90% Interest in Unit
c zenith chem (00362.HK) plans to sell 90% equity of Heihe Longjiang Chemical Industry.
Gelonghui November 8th c zenith chem (00362.HK) announced that the board of directors approved the proposed sale of 90% equity of Heihe Longjiang Chemical Co., Ltd. ("Heihe Longjiang") at the meeting held on November 8, 2024. As of the date of this announcement, Heihe Longjiang is a subsidiary of the company with indirect holdings of 90% equity. It is expected that after the completion of the potential sale, the company will no longer hold equity in Heihe Longjiang, and the financial performance of Heihe Longjiang will no longer be consolidated into the company's financial statements. As of the date of this announcement, the company is in discussions with an independent third party regarding the potential sale, and is further finalizing the specific trade arrangements. Heihe Long
C ZENITH CHEM: ANNUAL REPORT 2024
China Tianhua Chemical (00362.HK) sells a duplex unit in Repulse Bay with a parking space for 72 million yuan.
c zenith chem (00362.HK) announced that its indirectly wholly-owned subsidiary Pengcheng Investment entered into a provisional purchase and sale agreement with Chen Hangsheng, Yang Yufeng, and Li Jiage Estate on September 26 this year. Pengcheng Investment has agreed to sell Hong Kong Deep Bay South Bay No. 25 South Bay Royal Garden 1 Tower 8th and 9th floor duplex unit B (including its terrace), as well as underground parking lots 14 and 15 to Chen Hangsheng, Yang Yufeng for the price of 72 million yuan. c zenith chem stated that the above sale provides a good opportunity for the group to realize the property value at a reasonable price. In addition, the proceeds from the sale will strengthen the group's financial position.
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