SID's subsidiary plans to sell part of the Quanzhou project products

Zhitong
2025.07.18 09:23
portai
I'm LongbridgeAI, I can summarize articles.

SID's wholly-owned subsidiary Quanzhou SID plans to sell part of the products of the Shanghai project in Fengze District, Quanzhou City, including residential units and parking spaces, with a transaction amount of 2.053 billion yuan. Since obtaining the project in 2007, the cumulative signed area is approximately 450,000 square meters, with a total amount of about 5.8 billion yuan. This transaction will accelerate inventory reduction, optimize resource allocation, and increase cash flow, aligning with the company's development strategy focused on Shanghai and the Yangtze River Delta region