Taiwanese tyre manufacturer Hwa Fong Rubber has sold the land and facilities of its subsidiary Hwa Fong Rubber (Suzhou), located in Changshu City, Jiangsu Province, China, to Changshu Economic Development Zone Construction Development Co., Ltd. for 276 million yuan, reports Tyrepress China. The company said the deal could help it save management costs, revitalise assets and enrich working capital. The total size of the land sold is 184,222 square meters, while the facilities cover 110,786.45 square meters. Hwa Fong Rubber will carry out relocation work in the future.