Blue River Holdings' (HKG:0498) subsidiary Golden Lake Property agreed to sell certain property in the E-Trade Plaza, Hong Kong to Lui Ip, King Yee Elsa for HK$50 million, a Friday Hong Kong bourse filing said.

The property includes the whole ninth floor and three car parking spaces on the second floor of the E-Trade Plaza, 24 Lee Chung Street, Chai Wan, Hong Kong.

The property has a gross floor area of 7,758 square feet.

The company stands to make a loss of HK$4.6 million from the disposal while it is planning to use the net proceeds of HK$48.9 million from the disposal for the general working capital of the group.