OUC Holdings receives RMB 33.90 million termination proceeds from cancelled Mongolian property deal

Bulletin Express

Apr 24

Oriental University City Holdings (H.K.) Limited (OUC Holdings) has confirmed receipt of the full termination payment related to its previously cancelled acquisition of a property in Mongolia. According to the company’s update released on 24 April 2026, the vendor remitted RMB 33.68 million in principal plus RMB 0.22 million in accrued interest, totaling RMB 33.90 million, by 22 April 2026.

The payment settles all obligations under the termination deed signed earlier, which had initially stipulated four quarterly instalments starting 31 March 2025. The accelerated settlement concludes the financial aspects of the transaction’s termination announced on 6 September 2024, 11 September 2024 and 1 April 2025.

As of the announcement date, OUC Holdings’ board comprises two executive directors (Chairman Chew Hua Seng and CEO Liu Ying Chun), one non-executive director (Geng Yu) and three independent non-executive directors (Tan Yeow Hiang, Kenneth; Wilson Teh Boon Piaw; Liu Guilin).

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Limited (OUC Holdings) has confirmed receipt of the full termination payment related to its previously cancelled acquisition of a property in Mongolia. According to the company’s update released on 24 April 2026, the vendor remitted RMB 33.68 million in principal plus RMB 0.22 million in accrued interest, totaling RMB 33.90 million, by 22 April 2026.</p>\n<p>The payment settles all obligations under the termination deed signed earlier, which had initially stipulated four quarterly instalments starting 31 March 2025. 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