Hanison Construction Holdings Ltd. Announces Disposal of "The Connaught" Property in Hong Kong

Reuters

2025/09/10

Hanison Construction Holdings Ltd. Announces Disposal of "The Connaught" Property in Hong Kong

Hanison Construction Holdings Ltd. has announced the disposal of a property known as "The Connaught" located at No. 138 Connaught Road West, Hong Kong. The transaction involves the sale of the entire share capital and shareholders' loan of the holding company, Super Plus Limited, by Grace Universe Limited, a joint venture company owned 50% by Hanison and 50% by a JV Partner. The agreement, entered into on September 9, 2025, is valued at HK$410 million, subject to adjustments. The company anticipates a loss of approximately HK$177 million from this disposal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hanison Construction Holdings Ltd. published the original content used to generate this news brief on September 10, 2025, and is solely responsible for the information contained therein.

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Announces Disposal of \"The Connaught\" Property in Hong Kong","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Hanison Construction Holdings Ltd. Announces Disposal of \"The Connaught\" Property in Hong Kong\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Hanison Construction Holdings Ltd. has announced the disposal of a property known as \"The Connaught\" located at No. 138 Connaught Road West, Hong Kong. The transaction involves the sale of the entire share capital and shareholders' loan of the holding company, Super Plus Limited, by Grace Universe Limited, a joint venture company owned 50% by Hanison and 50% by a JV Partner. The agreement, entered into on September 9, 2025, is valued at HK$410 million, subject to adjustments. 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Announces Disposal of \"The Connaught\" Property in Hong Kong\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-09-10 07:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Hanison Construction Holdings Ltd. Announces Disposal of \"The Connaught\" Property in Hong Kong\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Hanison Construction Holdings Ltd. has announced the disposal of a property known as \"The Connaught\" located at No. 138 Connaught Road West, Hong Kong. The transaction involves the sale of the entire share capital and shareholders' loan of the holding company, Super Plus Limited, by Grace Universe Limited, a joint venture company owned 50% by Hanison and 50% by a JV Partner. The agreement, entered into on September 9, 2025, is valued at HK$410 million, subject to adjustments. 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