Redco Properties clarifies HK$45.12 million lender-driven sale of 24% stake in Redco Healthy

Bulletin Express
Jul 08

Redco Properties Group Limited (Redco Properties) issued a supplemental announcement on 8 July 2026, confirming that China Billion International Limited, acting as lender, has enforced security over 48.00 million ordinary shares in Redco Healthy Living Company Limited (Redco Healthy). The shares represent 24% of Redco Healthy’s issued capital and were sold for HK$45.12 million.

According to the board, the transaction was executed by the lender and its appointed receivers after Redco Properties failed to repay the demanded sum. Consequently, the company had no control over the timing, conduct, or terms of the disposal, rendering it a passive transaction.

Redco Properties clarified that, because the sale arose from enforcement of security rather than a voluntary action, it does not constitute a notifiable transaction under Chapter 14 of the Hong Kong Listing Rules. All other details disclosed in the original 3 July 2026 announcement remain unchanged.

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