DIMMI LIFE HLDG (01667) announced that on August 28, 2025, the seller Po She Development Limited (an indirect wholly-owned subsidiary of the company) entered into an agreement with a buyer, pursuant to which the seller agreed to dispose of and the buyer agreed to acquire the sale shares (representing the entire issued share capital of Sheung Cheuk Investment Limited) for a consideration of 910 million Japanese yen.

The company stated that it believes during the period of Japanese yen depreciation and the recovery of Japan's tourism market, investors have strong demand for Japanese real estate assets. The disposal provides the company with an attractive opportunity to realize a premium above the hotel's book value and assessed value. The transaction enables the company to capitalize on favorable market conditions and lock in investment returns.

Meanwhile, the group's business in Japan is not a strategic priority, and the group has not allocated sufficient resources to manage its Japanese operations. The board of directors believes that continuing to hold the hotel may not deliver optimal returns for shareholders. Disposing of the hotel allows the group to streamline its business, reduce management burden, and reallocate resources to markets and business segments where the group has stronger competitive advantages and local expertise.