Blue River Holdings' (HKG:0498) subsidiary Golden Lake Property agreed to sell certain property in the E-Trade Plaza, Hong Kong to Lui Ip, King Yee Elsa for HK$50 million, a Friday Hong Kong bourse filing said.
The property includes the whole ninth floor and three car parking spaces on the second floor of the E-Trade Plaza, 24 Lee Chung Street, Chai Wan, Hong Kong.
The property has a gross floor area of 7,758 square feet.
The company stands to make a loss of HK$4.6 million from the disposal while it is planning to use the net proceeds of HK$48.9 million from the disposal for the general working capital of the group.
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.