Demei Chemical's subsidiary, Schwart Peru, plans to sell three land assets in Peru to Uvica S.A.C. for a total of $7.5 million. This strategic sale aims to revitalize company assets and improve operational efficiency, with an estimated net profit of $953,000 expected upon completion. The announcement comes as public REITs in China mark their fifth anniversary, with 86 listed REITs raising a total of 245 billion yuan, diversifying into commercial properties. AI
RANK_REASON The item describes a subsidiary's asset sale and mentions a financial market anniversary, neither of which are frontier releases, significant industry moves, or research.
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