SUXIN SERVICES (ASX: 02152) has announced the completion of a public tender process at the Suzhou Exchange.

The successful bidder for the property is Youchao Housing Rental (Suzhou) Co., Ltd., with a final transaction price of 231 million yuan.

On July 21, 2026, the company's wholly-owned subsidiary, Jin Shi, entered into agreements with the buyer, conditionally agreeing to sell the property for the final consideration.

The asset in question is a property located at 365 Heshan Road, Suzhou, also known as Jinlin Apartments.

The land use rights for the site were obtained through allocation, designated for industrial use, with the term expiring on December 30, 2056.

The site area is 54,811.6 square meters, with a total gross floor area of 78,058.72 square meters.

The property comprises 11 buildings, including ten dormitory/apartment blocks, each with a floor area of 7,114.14 square meters, providing a total of 1,598 rooms.

Buildings 1, 2, 3, 4, 5, 6, 8, and 10 are standard dormitory blocks, each with six floors, while Buildings 7 and 9 are apartment blocks, also six floors each.

Additionally, there is a separate comprehensive support facility building with a floor area of 6,917.32 square meters.

The company stated that the disposal represents a proactive step to optimize the group's asset portfolio and will generate significant cash inflow.

This will enable the group to concentrate high-quality resources on its core business and strengthen its competitive position.

The board of directors believes the sale is consistent with the group's long-term strategic objectives, hence the recommendation to proceed with the transaction.