Clevo to sell properties in China
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Clevo will sell office space and residential units of its IT and consumer electronics retail chain Buynow in China and is poised to float REIT (real estate investment trust) certificates in Taiwan for commercial real estate in China including Buynow stores, department stores and hotels, according to the company.
Clevo has also approved its 2015 financial report and will issue dividends of NT$1.10 (US$0.03) in cash.
With growing demand for gaming notebook products, Clevo’s notebook shipments grew strongly in China, boosting its May revenues by 23.1% on year to reach NT$1.63 billion.
Questions & Answers
Q.What types of properties is Clevo planning to sell in China?
What types of properties is Clevo planning to sell in China?
Clevo intends to sell office space and residential units that belong to its retail chain, Buynow. The company will also float REIT certificates for other commercial real estate including Buynow stores, department stores, and hotels.
Q.Where will Clevo issue the REIT certificates?
Where will Clevo issue the REIT certificates?
Clevo is poised to float the REIT certificates in Taiwan. These certificates will be for commercial real estate located in China, encompassing a range of properties from Buynow stores to hotels.
Q.How did Clevo's revenues perform recently?
How did Clevo's revenues perform recently?
Clevo's May revenues grew by 23.1% year-on-year, reaching NT$1.63 billion. This strong growth was primarily boosted by increasing demand for gaming notebook products and strong notebook shipments in China.