W

WF International Ltd.

WXM Nasdaq Industrials · Construction - Special Trade Contractors Chengdu, China wf.international/
$2.04
Mkt Cap 2.4M

HVAC (heating, ventilation and air conditioning) contractor providing installation services in China.

From the annual report

4D. Property, Plants and Equipment Properties We Own As of the date of this annual report, we hold beneficial and underlying legal interests in two apartments, each with approximately 97 square meters, in Chengdu, Sichuan. The real estate ownership certificates for these apartments are currently undergoing application and registration procedures with the relevant government authorities. In July 2024, Shanyou HVAC entered into two settlement agreements, each with a third-party real estate developer who was a customer of Shanyou HVAC, and an employee of, to settle the outstanding project service fees owed to Shanyou HVAC by this customer. Pursuant to these agreements, the two employees purchased two apartments from the real estate developer, and the purchase prices were satisfied by offsetting a portion of the customer’s accounts owed to Shanyou HVAC for unpaid project service fees. The employees entered into entrustment agreements with Shanyou HVAC, pursuant to which each employee acknowledges that Shanyou HVAC is the sole owner of the apartment and agrees to hold legal title solely as a nominee, for the exclusive use and benefits of the Company. Leased Property The following table sets forth certain information relating to our leased facilities as of the date of this annual report.

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