HKC INT'L HOLD (00248) Subsidiary to Sell Property in Hong Kong's New Territories for HK$13.2 Million

Stock News
01/28

HKC International Holdings (00248) has announced that its seller, Generalvestor (HK) Limited, an indirectly wholly-owned subsidiary, entered into an agreement with the buyer, Lam Yi Toi, on January 28, 2026. Under this agreement, the seller has agreed to sell and the buyer has agreed to purchase the property for a consideration of HK$13.2 million, subject to the terms and conditions stipulated therein.

The property is located at Unit G, 45th Floor, Tower 10, Metro City Phase 2, 8 King Ling Road, Tseung Kwan O, New Territories, Hong Kong, with a saleable area of approximately 914 square feet.

The Board of Directors believes that this presents a favorable opportunity for the Group to dispose of the property. The proceeds will be used to repay bank borrowings, reduce the gearing ratio and related interest expenses, thereby strengthening the Group's financial position. The Board considers the terms of the disposal to be fair and reasonable, and in the overall interests of the Company's shareholders.

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