# Tianfulong Sells Property to Controller

> China's Tianfulong sells two Yangzhou apartments to controller Chen Hui for 10.39 million yuan.
- Title: Tianfulong Sells Property to Controller · BigGo Finance
- Summary: China's Tianfulong sells two Yangzhou apartments to controller Chen Hui for 10.39 million yuan. Tianfulong Group sold two Yangzhou apartments and parking…
- Keywords: yangzhou tianfulong group, yizheng weiying chemical fiber, chen hui, zhu daqing, northern yashi asset appraisal, pinzun international garden, mingshuyuehu road, tianfulong, related-party transaction, appraisal report, finance, markets
- Source: BigGo Finance — https://finance.biggo.com/news/3a002a17-7f5b-45f5-b77d-eb7eb7ba3102
- Author: BigGo Finance
- Published: 2026-10-22T03:55:39+00:00
- Read time: 1 min
- Topics: yangzhou tianfulong group, yizheng weiying chemical fiber, chen hui, zhu daqing, northern yashi asset appraisal, pinzun international garden, mingshuyuehu road, tianfulong, related-party transaction, appraisal report, finance, markets
## 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.
## Key takeaway

Tianfulong Group sold two Yangzhou apartments and parking spaces to its controller Chen Hui for 10.3944 million yuan to optimize assets.