EMPEROR INT'L (00163) announced that on October 29, 2025, its wholly-owned subsidiary, Emperor Property Investments Limited, intends to sell the entire issued share capital of Shineon Investments Limited to Northstar 181-183 Propco Limited for an estimated consideration of approximately £21.8 million. The target company is primarily engaged in property investment and holds the subject property.
The property is a seven-story (including basement) retail and office building located at 181-183 Oxford Street, W1, London, UK, with a net internal area of 13,049 square feet. Considering recent conditions in the UK property market and the recent appreciation of the British pound, the board believes the sale presents a favorable opportunity for the group to realize its investment in the property. The proceeds from the transaction will further strengthen the group's financial position.