News summary
On May 16, Xinghe Enterprises, a subsidiary of King International, signed a sale and purchase agreement with Crown Pacific Limited to sell Factory A and Factory B on the 11th floor of Chai Wan Industrial Building in Hong Kong for a total consideration of HK$100 million.
Newsletter text
[A wholly-owned subsidiary of Emperor International sold Hong Kong properties for a total consideration of HK$100 million]
According to Emperor International (00163) on May 16pennbattle37000.HK) announced that Xinghe Enterprise Co., Ltd., a wholly-owned subsidiary of the company, signed a sale and purchase agreement with the buyer, Crown Pacific Limited.
The agreement stipulates that Xinghe Enterprises Co., Ltd. has conditionally agreed to sell the Safety Warehouse Industrial Building at 56 Ka Yip Street, Chai Wan, Hong Kongpennbattle37000Factory A and Factory B on the 11th floor of the company, with a total consideration of HK$100 million.
This move is Emperor International's major asset salespennbattle37000Another important move of the company is expected to bring considerable capital flow to the company.
The transaction provides investors with important information about the secondary market and has a potential impact on investment decisions.
Investors need to pay attention to the progress and possible impact of subsequent transactions in order to make informed investment decisions.
