STAR GROUP ASIA (01560) Plans to Sell Hong Kong Property for HK$14.975 Million

Stock News

2025/11/10

STAR GROUP ASIA (01560) announced that on November 10, 2025, its indirect wholly-owned subsidiary, Wise City Holdings Limited, intends to sell a property located at G/F, 18 Yiu Wa Street, Causeway Bay, Hong Kong, with a total gross floor area of approximately 637 square feet, to Jin An Financial Group Limited for HK$14.975 million.

The board believes that the disposal will allow the group to capitalize on its investment in the property amid the downturn and uncertainties in Hong Kong's commercial property market. The proceeds will help improve the group's debt position, liquidity, financing costs, and overall financial pressure, thereby benefiting the company.

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The proceeds will help improve the group's debt position, liquidity, financing costs, and overall financial pressure, thereby benefiting the company.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1542","symbol_name":"內地物業管理股","start_time":0,"source_url":"","article_id":"1128407144","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128407144","pubTimestamp":1762785849,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"STAR GROUP ASIA (01560) announced that on November 10, 2025, its indirect wholly-owned subsidiary, Wise City Holdings Limited, intends to sell a property located at G/F, 18 Yiu Wa Street, Causeway...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1542":"内地物业管理股","03913":"合景悠活","01560":"星星集团","BK1240":"房地产开发","BK1258":"房地产运营公司","BK1229":"房地产经营公司"},"translate_title":"星集团亚洲(01560)拟1497.5万港元出售香港物业","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03913":1,"01560":1},"content_text":"STAR GROUP ASIA (01560) announced that on November 10, 2025, its indirect wholly-owned subsidiary, Wise City Holdings Limited, intends to sell a property located at G/F, 18 Yiu Wa Street, Causeway Bay, Hong Kong, with a total gross floor area of approximately 637 square feet, to Jin An Financial Group Limited for HK$14.975 million.\nThe board believes that the disposal will allow the group to capitalize on its investment in the property amid the downturn and uncertainties in Hong Kong's commercial property market. 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