Lai Sun Garment, Lai Sun Development to Sell Interest in New Vision Fund

MT Newswires Live

Jan 13

Fortune Scope, a subsidiary of Lai Sun Garment (International) (HKG:0191) and Lai Sun Development (HKG:0488), agreed to sell its interest in New Vision Fund for HK$114 million, according to a Hong Kong bourse filing Monday.

Lai Sun Development shares were down nearly 2% in morning trade Tuesday.

Fortune Scope is selling the interest to three closed-ended private investment funds identified as Crown Global Secondaries VI Master SCSp, Crown Asia-Pacific Private Equity V Master SCSp, and Neckar SEC SCS.

The sale of the interest is being undertaken after a strategic review of their assets. They expect to record a loss of HK$100 million on the disposal.

Lai Sun Garment (International) and Lai Sun Development will cease to hold any interest in New Vision Fund after the sale.

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They expect to record a loss of HK$100 million on the disposal.</p><p>Lai Sun Garment (International) and Lai Sun Development will cease to hold any interest in New Vision Fund after the sale.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1229","symbol_name":"房地产经营公司","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2603571765","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603571765","pubTimestamp":1768277111,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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