Hysan Development Unit Sells Bamboo Grove Unit for HK$53.5 Million
MT Newswires Live
Oct 27, 2025
Hysan Development (HKG:0014) said its wholly owned unit, Kwong Wan Realty, has agreed to sell a residential unit at Bamboo Grove to Verdant Peak Investment, a company wholly owned by independent non-executive director Zhang Yong, for HK$53.5 million, according to an Oct. 24 bourse filing.
Shares of the developer were up nearly 1% in Monday morning trade.
Completion is expected on or before Jan. 24, 2026, according to the filing.
The deal is expected to generate a gain of about HK$19.3 million, which will be used as general working capital.
Hysan said the sale forms part of its capital recycling program aimed at optimizing its capital structure and redeploying funds toward strategic priorities.
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.