Guolian Aquatic to Sell Sunnyvale Seafood's California Property for $17 Million

China's Zhanjiang Guolian Aquatic Products (300094.SZ) has approved the sale of US real estate tied to its Sunnyvale Seafood subsidiary for approximately $17 million, the latest in a series of asset disposals as the company works to reverse years of deepening losses.
Guolian's board approved the move on July 15, with its wholly-owned US subsidiary Liancheng Investments, LLC set to sell the property at 2910 Faber Street, Union City, California — the longtime address of Sunnyvale Seafood, Guolian's US shrimp and seafood importing arm...
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