MBV International (HKG:1957) said its wholly owned subsidiary has agreed to dispose of its entire 40% interest in Lordan Group for HK$31.4 million, according to a Monday Hong Kong bourse filing.

The consideration will be fully offset against the remaining amount payable under a November 2023 share purchase agreement, under which MBV's wholly owned subsidiary China MBV acquired the stake.

As a result, no cash proceeds will be received from the transaction.

Upon completion, MBV will cease to hold any interest in Lordan Group, which will no longer be accounted for as an associate.

The company said no gain or loss is expected from the disposal, as the investment had already been impaired to its fair value as at the end of 2025.

MBV said the disposal will allow the group to reallocate resources away from a loss-making associate.