Agile sells non-core assets for over 1.1 billion RMB

SighingCashier · 2026-03-27T15:20:08+00:00

Agile Group announces the sale of non-core assets for 1.15 billion RMB. The proceeds will be used to repay debt and improve cash flow. This sale aims to divest environmental protection business assets, focus resources on core property development and management operations, thereby enhancing resource allocation efficiency without affecting the group's operational scale.

SighingCashier

2026-03-27 15:20:08

Abstract generation in progress

Yajule Group (03383) announced the sale of non-core assets for 1.15 billion yuan, with the net proceeds primarily used to repay the seller’s debts and other operating liabilities.

The Group’s main business is property development and property management, and it plans to divest non-core assets related to the environmental protection business through the sale of targeted assets, thereby further concentrating resources on the Group’s core business and enhancing the efficiency of resource allocation.

In addition, the board believes that this sale of targeted assets will reduce the Group’s liabilities and interest expenses, improve cash flow, and allow the Group to realize the value of assets related to the environmental protection business. After the completion of the sale, the Group’s business and operating scale will not undergo significant changes, and the sale will not have a major impact on the Group’s business and operations.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes