CROSS-HAR(HOLD) (00032) announced that on September 30, 2025 (US time), MWH (an indirectly wholly-owned subsidiary of the Company) entered into an agreement with Portfolio Advisors regarding the sale of an interest (MWH's investment in the partnership Apollo Hybrid Value Overseas Partners II, L.P.) to Portfolio Advisors for an initial purchase price of USD 18.1168 million (equivalent to approximately HK$141 million) (subject to adjustment as described below).
Consistent with the investment objectives of its financial management business, the Company regularly evaluates the possibility of making appropriate adjustments to its investment holdings with a view to delivering stable risk-adjusted returns to its shareholders. After evaluating the following factors: the overall risk, potential returns and risk profile of its existing portfolio of unlisted fund investments; potential future investment opportunities; and the opportunity to capture most of the value of the Group's investment in the partnership through early exit, the Directors believe that the Disposal represents a good opportunity for the Group to realize its investment and enhance its cash position.
The cash inflow generated from the Disposal will provide the Company with financial flexibility and resources to consider and explore other investment opportunities that may arise in the future.