EMPEROR E HOTEL (00296) Subsidiary Sells Multiple Gold Bars Totaling 79 Kilograms for Approximately $99.7 Million

Stock News

Feb 04

On February 4, 2026, EMPEROR E HOTEL (00296) announced that its non-wholly-owned subsidiary, Right Achieve Limited, sold multiple gold bars with a total weight of 79 kilograms to Heraeus Metals Hong Kong Ltd. for a consideration of approximately $99.7 million. Given the prevailing market conditions and the current high price levels of the precious metal, the company's directors believe the sale presents a favorable opportunity for the group to realize and unlock the value of the asset, while also enabling future savings on security and insurance costs associated with holding the gold.

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