GREENHEART GP (00094) announced that on August 29, 2025, the company's indirect wholly-owned subsidiaries Greenheart Mangakahia Forest Land Limited, Greenheart Papakorakora Forest NZ Limited and Greenheart Mangakahia Forest Māori Land Limited plan to sell assets to Ingka Investments Forest Assets NZ Limited for a consideration of approximately NZ$134 million (equivalent to approximately HK$615.5 million).

The assets for sale primarily include multiple parcels of land in New Zealand, New Zealand units, related licensing agreements, memorandums of understanding, as well as various records and operational data. Following completion of the disposal, the group will no longer hold New Zealand forest land and will focus on an asset-light business model in the future, with revenue sources mainly comprising existing and newly acquired harvesting rights, forest management fees, and sales transactions of logs and timber products.

Concurrently, the group has signed a three-year forest management agreement with the buyer, which is expected to generate additional annual revenue of US$150,000 (approximately HK$1.17 million). Subject to shareholder approval at a special general meeting and completion of the transaction, the board of directors plans to distribute a special dividend of HK$0.01 per share to shareholders whose names appear on the company's register of members on a record date to be determined.

Additionally, the company has submitted an application to the Stock Exchange for resumption of trading in its shares from 9:00 AM on September 11, 2025.