# Zhongji Innolight transfers industrial lift equipment assets to subsidiary

Zhongji Innolight (605305.SH) plans to transfer land use rights, buildings, and industrial lift equipment business assets to its wholly-owned subsidiary Zhongji Innolight (Beijing) Equipment Manufacturing Co., Ltd., with a book value of 166 million yuan.

- Type: Investment
- Announced: 2023-04-04
- Where: China
- Value: $24.0M (166.0M CNY)
- Status: announced
- Products: industrial lift equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Zhongji Innolight](https://endata.com/companies/69514.md)
- [Zhongji Innolight (Beijing) Equipment Manufacturing](https://endata.com/companies/69515.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/906233.html), 2023-04-04: "公司拟将自有建设用地土地使用权、地上房屋所有权，以及工业升降设备业务所涉及的相关资产、债务、人员、权利及义务划转至全资子公司中际联合(北京)装备制造有限公司"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.