Century City, Paliburg and Regal Close Regal Oriental Hotel Sale; Final Price Set at HK$770.46 Million After HK$0.09 Million True-Up

Bulletin Express
Jul 15

Hong Kong – Century City International Holdings Limited (“Century City”), Paliburg Holdings Limited (“Paliburg”) and Regal Hotels International Holdings Limited (“Regal”) have finalised the post-completion adjustment for the disposal of their subsidiaries that own the Regal Oriental Hotel.

The parties confirmed that the Completion Accounts place the Target Group’s fair value at HK$757.29 million, marginally above the HK$757.19 million indicated in the provisional accounts. The HK$0.09 million variance—labelled the True-up Amount—has been settled by the purchaser in favour of the vendor.

Consequently, the transaction’s total consideration (covering both the sale share and sale loan components) has risen by HK$0.09 million to a final HK$770.46 million.

The disposal constitutes: • a Major Transaction for Century City International Holdings (stock code 355) and Regal Hotels International (stock code 78); and • a Discloseable Transaction for Paliburg Holdings (stock code 617).

All board approvals have been secured, with the joint announcement dated 15 July 2026 signed by company secretary Eliza Lam Sau Fun on behalf of the respective boards.

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