Huan Hsin unit to sell assets in Shanghai for 126.7m yuan
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Singapore
AS part of its efforts to get off the Singapore Exchange (SGX) watch-list, electronics manufacturer Huan Hsin Holdings is selling assets in Shanghai for 126.7 million yuan (S$26.84 million).
Its wholly owned subsidiary Shanghai Yi Hsin Industry (SYH) is proposing to dispose of its entire equity interest in Shanghai Song Yi Industry (SSY) - which owns the land use right over an area of 11,148 square metres located at Zhuan Qiao Town, Minhang District, Shanghai, with construction consisting of nine blocks with a total of 56 units at the final stage.
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