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Tongyu Communication to Dispose of Property Assets for 57 Million Yuan

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Tongyu Communication (SHE:002792) agreed to offload property assets in China's Zhongshan Torch High-tech Development Zone to Shenzhen Jingyuheng Property for 57 million yuan, according to a Shenzhen bourse filing on Wednesday.

The assets comprised land use rights with an area measuring 21,445.20 square meters and buildings with a gross floor area of 35,830.65 square meters.

The property, which was originally intended for the construction of the communications equipment manufacturer's manufacturing facilities, is idle.

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