Veeko International to Sell Property in China for HK$28 Million

MT Newswires Live

02/13

Veeko International (HKG:1173) said it agreed to sell a property in China's Guangdong province for HK$27.9 million, according to a Hong Kong bourse filing Thursday.

The property comprises the 9th, 10th, and 11th floors of the Wei Gao building, No. 2 located in Shantou's High and New Technology Zone.

The firm expects to record a gain of HK$9.1 million after tax from the disposal to Shantou Hexingqiang Apparel. Proceeds will be used for general working capital, the firm said.

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