HKR International Unit Offloads Property-Holding Unit

MT Newswires Live

Sep 22

HKR International (HKG:0480) unit Dreamy Investments will sell Ace Spring, and assign a loan it owes to the seller, to Hua Zhan Investment for a total of HK$180 million, a Monday Hong Kong bourse filing said.

The target owns an eight-story public car park, together with a shroff's office, and a container parking space in Tuen Mun Central Square, New Territories, Hong Kong.

The property is currently leased to a carpark operator for rental income.

The multi-business conglomerate will use proceeds from the sale for general working capital.

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