LAI SUN DEV (00488) surged more than 12%, with a gain of 12.28% to HK$0.64 at the time of writing, registering a turnover of HK$14.7095 million.

The increase follows a joint announcement from LAI SUN INT'L (00191) and LAI SUN DEV (00488) that, on January 12, 2026, the seller—an indirect wholly-owned subsidiary of LAI SUN DEV and an indirect non-wholly-owned subsidiary of Lai Sun Garment—entered into an agreement with a buyer.

The seller conditionally agreed to sell, assign, transfer, and deliver, while the buyer conditionally agreed to purchase and acquire all of the seller's rights, title, and interest in the limited partnership interest of the partnership company, New Vision Fund, L.P., for a purchase price of US$14.6354 million (approximately equivalent to HK$114 million).

Given the relatively low liquidity of the limited partnership interest due to the nature of the underlying investments, coupled with the high volatility of these investments—which makes future returns from the limited partnership interest difficult to predict—the boards of Lai Sun Garment and LAI SUN DEV consider the sale an opportune exit for the LAI SUN DEV Group from these investments.

This divestment allows for the realization of the investment, strengthens the LAI SUN DEV Group's cash flow, and improves its liquidity position.

The resulting cash inflow will enable both the Lai Sun Garment Group and the LAI SUN DEV Group to reallocate more financial resources toward optimizing their capital structures and/or for general corporate purposes, while simultaneously enhancing the overall cash flow and financial condition of Lai Sun Garment and LAI SUN DEV.