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Express News | Shenzhen Clou Electronics: plans to transfer 100% equity of Nam Cheong Clou Smart Grids Technology Co., Ltd. for 0.125 billion yuan.
Express News | GANFENGLITHIUM's subsidiary, Nam Cheong Lithium Battery Company, has increased its capital to 0.6 billion, with a 500% increase.
4 Singapore Stocks Scaling New 52-Week Highs: Can Their Momentum Continue?
There May Be Underlying Issues With The Quality Of Nam Cheong's (SGX:1MZ) Earnings
The investor of 'Kong Lou' purchased a two-bedroom unit at Nam Cheong Station for 12.46 million yuan for rental purposes, with the unit depreciating nearly 'two million' in value over six years.
According to Mei Lien Huang Yuqiang, the rental return is significant, attracting investors to enter the market more quickly. Recently, the bank facilitated a second-hand transaction for a 528 square foot unit at Nam Cheong Station Huixi. The unit is on the mid-to-high floor D of Block 7, with a usable area of about 528 square feet, consisting of a two-bedroom suite with sea views. It is reported that the buyer is an investor, having seen similar rental units around 0.035 million yuan per month, with a rental return of about 3.4%, making the rental income attractive. Therefore, the buyer spent 12.46 million yuan to acquire the unit for rental purposes, equating to a price of about 23,598 yuan per usable square foot. The original owner purchased the property in October 2019 for about 14.371 million yuan and has held it for about six years, making this transfer.
Express News | Huajin Technology and others have invested to establish a new precision technology company.