China State Construction Development Holdings Limited (Stock Code: 830) announced on 6 November 2025 that a wholly-owned subsidiary (the Vendor) entered into an agreement to dispose of its Canadian assets for a total consideration of CAD93,288,000 (approximately HKD514,017,000). The assets, including a senior housing property in Waterloo, Ontario, are to be sold to The Royale LP, whose parent company is Sienna Senior Living Inc.

According to the announcement, the transaction is deemed a discloseable transaction under Chapter 14 of the Listing Rules, as relevant ratios exceed 5% but are less than 25%. The Canadian assets being sold comprise the vendor’s property at 215 and 229 Lexington Road, along with the business operations carried out there, including the “Hygate on Lexington” senior living facility. The carrying value of the property as at 30 September 2025 was approximately CAD71,491,000 (around HKD393,915,000).

Based on unaudited figures, the company expects a net gain of about CAD20,176,000 (approximately HKD111,170,000), subject to final audit. In its announcement, the company stated that completion of the transaction is subject to conditions such as regulatory approvals and a closing date scheduled for 15 December 2025 or another date agreed by the parties.

The company explained that proceeds from the sale will be used as general working capital, and the disposal will enable it to focus further on its high-end façade contracting and building-integrated photovoltaics businesses, while bolstering its financial strength and liquidity.