DreamEast Group Achieves HK$89.7 Million in Property Sales Amid Ongoing Liquidation
DreamEast Group Limited is currently undergoing compulsory liquidation, with its affairs being managed by Joint and Several Liquidators. Trading of the company's shares on the Stock Exchange remains suspended since 11 March 2024, and will continue to be so until further notice. Recently, the Group reported a successful sale of 124 properties, totaling a gross floor area of approximately 27,493 square meters, generating an expected revenue of HK$89.7 million. A significant portion of this revenue, approximately HK$71.1 million, is attributed to the property development project in Huadong Town, Huadu District, Guangzhou, China. Shareholders and potential investors are advised to exercise caution when dealing with the company's securities.
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