1904 Cheng Loong: Sale of Factory and Land Use Rights by Suzhou Subsidiary
Cheng Loong (1904) announced that its subsidiary, Suzhou Cheng Loong Paper, will sell its factory and land use rights in Suzhou for 186 million RMB, expecting a profit of 135 million RMB.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 06:31
- 🔍 Collected: May 22, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 21:29 (230h 57m after Collected)
Cheng Loong (1904) announced that its subsidiary, Suzhou Cheng Loong Paper Co., Ltd., has decided to sell its land use rights and factory located at No. 162 Taishan Road, Suzhou High-tech Zone. The total transaction amount is 186 million RMB, with an estimated disposal profit of 135.18 million RMB. The purpose of this transaction is to revitalize assets, strengthen capital, and improve the financial structure. The counterparty is Suzhou Jujie Special Materials Co., Ltd., which is not a related party. The transaction price was determined through negotiation based on a professional appraisal report.
FAQ
Why did Cheng Loong sell the Suzhou plant?
To optimize assets and improve financial structure.