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00408 YIP'S CHEMICAL
RTNominal down4.300 -0.020 (-0.463%)
Others

19/07/2021 14:00

Yip's Chemical (00408) to sell property at HK$282.68m

[ET Net News Agency, 19 July 2021] Yip's Chemical Holdings Limited (00408) said its
subsidiary Yip's H.C. (Holding) Limited has agreed to sell the entire issued share capital
of the target company and assign the sale loan for the aggregate consideration of
HK$282.68 million.
The target company is Big Youth Investments Limited. It owns the property, which
comprises a 5-storey industrial building located at No.13 Yip Cheong Street, Fanling, Hong
Kong. The property occupies a site area of approximately 12,895 sq. ft. The gross area of
the property is approximately 63,897 sq. ft. (RC)

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