AGILE GROUP Plans Divestment of Subsidiary's Real Estate and Operational Assets to Enhance Financial Stability

Stock News

Mar 05

AGILE GROUP (03383) has announced that on March 5, 2026, after trading hours, Yulin Yihua Environmental Technology Co., Ltd. (the "Buyer") entered into a letter of intent with the company's subsidiary, Yulin Xintao Environmental Technology Co., Ltd. (the "Seller"). Under the agreement, the Buyer intends to acquire, in cash, immovable properties such as land and factory buildings, as well as operational fixed assets including equipment, pipeline networks, and construction in progress. The board believes that the proposed disposal, if completed, will help optimize the group's short-term and long-term asset allocation, maximize asset efficiency, improve cash flow, and aid in mitigating debt risks.

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