CENTURY LEGEND unlocks HK$6.82 million from partial Link REIT stake, books HK$0.25 million gain

Bulletin Express
Jul 14

Century Legend (Holdings) Limited announced that its wholly-owned subsidiary sold 180,000 units of Link Real Estate Investment Trust on 14 July 2026 through on-market transactions. The units were off-loaded at an average price of HK$37.90, generating gross proceeds of HK$6.82 million (excluding transaction costs).

Post-transaction, the group retains 421,117 Link REIT units, equivalent to roughly 0.01622% of the trust’s outstanding units. The units disposed represented about 0.00693% of Link REIT’s total issue of 2,596,725,623 units (excluding treasury units) as at 10 July 2026.

The book value of the units sold stood at HK$6.57 million as at 30 June 2026, resulting in a disposal gain of approximately HK$0.25 million. Management intends to deploy the proceeds toward general working capital requirements or other securities investments.

Given that one or more applicable percentage ratios exceed 5% but remain below 25%, the transaction is classified as a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules, requiring announcement but not shareholder approval.

Link REIT reported revenue of HK$13.94 billion and a loss after tax of HK$7.79 billion for the financial year ended 31 March 2026, with total assets amounting to HK$219.78 billion.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10