baccaratcompany| Emperor International (00163.HK): HK$100 million for sale of Hong Kong Chai Wan Industrial Building property

News summary

May 16baccaratcompanyXinghe Enterprises, a subsidiary of Emperor 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 16baccaratcompany.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 Factory A and Factory B on the 11th floor of the Safety Godown Industrial Building, 56 Ka Yip Street, Chai Wan, Hong Kong for a total consideration of HK$100 million.

This move is another important move by Emperor International in asset sales and 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.