HINSANG GROUP (06893) Actively Exploring Sale of Hong Kong Properties Through Real Estate Agents

Stock News

May 05

HINSANG GROUP (06893) announced that the board has noted certain media reports published on May 5, 2026, indicating that the group is offering for sale a property in Sha Tin, Hong Kong, together with a parking space, and a property in Tsim Sha Tsui, Hong Kong (the relevant properties) through real estate agents at indicative asking prices of HKD 138 million and HKD 45 million, respectively. The company confirms that it is currently actively seeking opportunities to sell the relevant properties (the potential sale) through property agents and is currently only at the indicative pricing stage. The board believes that the potential sale presents an opportunity for the group to (1) realize cash and unlock cash value to support the group's further development; and (2) save on all financing costs related to the group's outstanding bank borrowings, as part of the net proceeds from the potential sale are intended to repay all of the group's outstanding bank borrowings. The board considers that the relevant properties are not essential assets for the group's core business operations. The board is of the view that the potential sale will not have a significant impact on the group's business operations.

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The board is of the view that the potential sale will not have a significant impact on the group's business operations.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HINSANG GROUP (06893) Actively Exploring Sale of Hong Kong Properties Through Real Estate Agents</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHINSANG GROUP (06893) Actively Exploring Sale of Hong Kong Properties Through Real Estate Agents\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-05-05 22:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HINSANG GROUP (06893) announced that the board has noted certain media reports published on May 5, 2026, indicating that the group is offering for sale a property in Sha Tin, Hong Kong, together with a parking space, and a property in Tsim Sha Tsui, Hong Kong (the relevant properties) through real estate agents at indicative asking prices of HKD 138 million and HKD 45 million, respectively. The company confirms that it is currently actively seeking opportunities to sell the relevant properties (the potential sale) through property agents and is currently only at the indicative pricing stage. The board believes that the potential sale presents an opportunity for the group to (1) realize cash and unlock cash value to support the group's further development; and (2) save on all financing costs related to the group's outstanding bank borrowings, as part of the net proceeds from the potential sale are intended to repay all of the group's outstanding bank borrowings. The board considers that the relevant properties are not essential assets for the group's core business operations. 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