A unit of Silver Grant International (HKG:0171) agreed to sell a residential property in Beijing, China, to Liu Rui for 10.2 million yuan, a Monday filing with the Hong Kong bourse stated.
The disposal is expected to be completed on or before April 14, according to the property leasing firm.
The property, which is currently vacant, is charged in favor of an independent third party to secure certain of the firm's borrowings.
The sale will allow the company to realize its investment in the property and improve its liquidity through additional cash flows. The firm will use proceeds from the sale for general working capital.
Shares of the company were up 12% in recent trade.
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