ROAD KING INFRA (01098) to Sell Certain Property Interests in Ningbo ROAD KING New World Commercial Project for RMB 100.3 Million

Stock News
01/23

ROAD KING INFRA (01098) announced that on January 23, 2026, its indirectly wholly-owned subsidiary, Ningbo Yonghong Real Estate Co., Ltd., intends to sell the target assets to Zhejiang Xilun Commercial Operation Management Co., Ltd. for a total consideration of RMB 100.3 million. The target assets are sold on an "as-is" basis and include Target Asset A, Target Asset B, and Target Asset C within the ROAD KING New World commercial project located in Jiangbei District, Ningbo City, Zhejiang Province, China, specifically the property interests to be sold under the agreement, comprising commercial properties and parking spaces within the project. Considering the Group's current financial condition and anticipated liquidity requirements, the overall outlook of China's real estate market, and the specific characteristics and circumstances related to the target assets—including their geographical location, challenges in attracting tenants, and their strategic value to the Group—the directors believe that, after reviewing the valuation report, the disposal presents a favorable opportunity for the Group to realize the value of the target assets at a reasonable price. The disposal will assist the Group in optimizing its asset utilization efficiency and in meeting its current liquidity needs for loan repayments and tax payments.

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