STAR GROUP ASIA (01560) Plans to Sell Hong Kong Property for HK$14.975 Million

Stock News

2025/11/10

STAR GROUP ASIA (01560) announced that on November 10, 2025, its indirect wholly-owned subsidiary, Wise City Holdings Limited, intends to sell a property located at G/F, 18 Yiu Wa Street, Causeway Bay, Hong Kong, with a total gross floor area of approximately 637 square feet, to Jin An Financial Group Limited for HK$14.975 million.

The board believes that the disposal will allow the group to capitalize on its investment in the property amid the downturn and uncertainties in Hong Kong's commercial property market. The proceeds will help improve the group's debt position, liquidity, financing costs, and overall financial pressure, thereby benefiting the company.

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