FW Fashion Int (02528) Subsidiary to Sell Macau Property for HK$15 Million

Stock News
2025/11/14

FW Fashion Int (02528) announced that on October 27, 2025 (after trading hours), the seller (Macau Ying Nam Limited, an indirect wholly-owned subsidiary of the company) entered into a sale and purchase agreement with the buyer, Mr. Shen Guobiao. Under the agreement, the seller agreed to sell the property to the buyer for a total consideration of HK$15 million. The company intends to use the net proceeds from the sale as general working capital for the group.

The property is located at Unit D, 11/F, Fook Tai Industrial Building, No. 25–69 Avenida do Hipódromo and No. 137 Rua do Canal do Hipódromo, Macau, with a total gross floor area of approximately 479 square meters. It is an industrial property currently used by the group as a warehouse.

Previously, the property served as supplementary storage space for the company’s old furniture, props, and tools, most of which have now been disposed of. As a result, the warehouse space is no longer required.

After considering current market conditions, the group’s financial position, and business operations, the directors believe the sale presents a favorable opportunity to realize the property’s value at a reasonable price. The proceeds will improve the group’s financial condition and increase general working capital.

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