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XJ International Unit to Sell Sichuan Land, School Properties for 248 Million Yuan; Shares Jump 7%

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XJ International Holdings (HKG:1765) unit Yibin Xuande Education Consulting Management agreed to sell land and school properties in Yibin, Sichuan, to Gaoxian Huirun Education for 247.9 million yuan.

The sale covers a 165.26-mu parcel of land with 14 school buildings totaling about 83,742 square meters of gross floor area, according to a Friday Hong Kong bourse filing. The land-use rights run through 2070.

The consideration will be paid in cash in three installments by Dec. 31, 2028.

Shares of the educational services company jumped nearly 7% in Monday's trade.

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