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RTNominal down7.820 -0.110 (-1.387%)

22/10/2021 09:44

Shenzhen Int'l (00152) to buy 70% of Shenzhen SEG Tech

[ET Net News Agency, 22 October 2021] Shenzhen International Holdings Limited (00152)
said its subsidiary Shenzhen International Bay Area Investment Development Co., Ltd. has
agreed to buy 70% equity interest in Shenzhen SEG Technology Development Co., Ltd. (the
target company) at an aggregate consideration of not more than RMB333,470,000.
The target company owns an industrial park located in Pingshan District, Shenzhen, which
is about 5 km away from the Pingshan exit of the Shenhai Expressway and 50 km from
Shenzhen city centre. The project land covers a total area of approximately 120,000 square
metres and has a total construction area of approximately 31,646 square metres (the
buildings on the land are all factory and ancillary buildings and the remaining portion of
the project land is undeveloped). (RC)

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