From BigGo Finance · BigGo Finance · · 1m 10s
Tianfulong Sells Property to Controller
China's Tianfulong sells two Yangzhou apartments to controller Chen Hui for 10.39 million yuan.
In brief
China's Tianfulong sells two Yangzhou apartments to controller Chen Hui for 10.39 million yuan. Tianfulong Group sold two Yangzhou apartments and parking spaces to its controller Chen Hui for 10.3944 million yuan to optimize assets. Originally reported by BigGo Finance.
Tianfulong Subsidiary Sells Property
Yangzhou Tianfulong Group's subsidiary Yizheng Weiying Chemical Fiber plans to sell two apartments and parking spaces to controller Chen Hui for 10.3944 million yuan.
Property Details
The properties have a combined gross floor area of 653.17 square meters, with 510.68 square meters residential.
Pricing and Appraisal
Pricing is based on an appraisal report by Northern Yashi Asset Appraisal, with tax included.
Related-Party Transaction
The sale constitutes a related-party transaction under Shanghai Stock Exchange rules.
Ownership Structure
Chen Hui directly holds 15.74% of Tianfulong; her spouse Zhu Daqing holds 55.62% and is chairman.
Company Rationale
Tianfulong says the sale will optimize asset structure and focus on core business.
Financial Performance
Tianfulong reported 2.553 billion yuan revenue and 364 million yuan net profit for first nine months of 2026.
Market Impact
The transaction is a small proportion of revenue and has limited direct financial impact.
The essence
Tianfulong Group sold two Yangzhou apartments and parking spaces to its controller Chen Hui for 10.3944 million yuan to optimize assets.
