Agile Group (SGX:A8P, HKG:3383) unit, Yulin Xintao Eco Technology, signed a formal agreement with Yulin Yihua Environmental Protection Technology, to sell its land, factory buildings and other assets for 1.15 billion yuan, according to a Friday filing with the Singapore Exchange.
Shares of the property development and management company were down nearly 3% in Monday trading.
The disposal is part of the group's strategy to divest non-core assets and enhance resource allocation efficiency.
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