Huan Hsin unit to sell assets in Shanghai for 126.7m yuan

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 Distric…