Alco Holdings Limited (Stock Code: 328) has announced a major transaction involving the disposal of property. According to official disclosures, Windom Limited, an indirect wholly-owned subsidiary of Alco Holdings Limited, entered into a sale and purchase agreement on 18 November 2025 to sell office premises and related parking spaces for HK$90,000,000.

The property is located at Units 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12, 15, 16, 17, 18, and 19 on the 11th Floor of Metropole Square in Sha Tin, Hong Kong, along with four private car parking spaces. The total saleable area, excluding parking spaces, is approximately 19,139 square feet.

Under the agreement, the purchaser will pay a 10% deposit of HK$9,000,000 within seven days after receiving evidence of shareholder approval at an upcoming special general meeting. The remaining HK$81,000,000 is payable upon completion. The conditions precedent include shareholder approval, good title proof, and other customary consents. Completion is expected to take place on or before 30 January 2026.

Based on the company’s disclosures, the carrying amount of the property as of 31 March 2025 was around HK$89,836,000, and the disposal is estimated to generate a gain of about HK$164,000 before tax. Proceeds are intended for repaying bank borrowings and financial guarantees.

Because the transaction’s applicable percentage ratios exceed 25% but are below 75%, the disposal constitutes a major transaction under the Listing Rules, requiring shareholder approval. A circular containing further details is expected to be dispatched by 30 November 2025.