Hua Lien International's (Holding) (HKG:0969) subsidiary Pan-Caribbean Sugar agreed to sell certain 18.079-hectare property in Jamaica to AYD Construction for about HK$20.2 million ($2.6 million), a Tuesday Hong Kong bourse filing said.
The property is located at the Bernard Lodge Sugar Factory, Bernard Lodge, Spanish Town, Saint Catherine in Jamaica, and consists of a total area of 18.079 hectares.
The group stands to make a gain of HK$19.1 million from the disposal. The net proceeds from the property sale are expected to be nearly HK$19.4 million and are intended to be used for the group's general working capital.
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