K2 F&B Holdings Sells Property and Enters Leaseback Deal

Reuters
Feb 06
K2 F&B Holdings Sells Property and Enters Leaseback Deal

K2 F&B Holdings Ltd. has announced a major asset transaction involving the disposal of a property by its indirect wholly-owned subsidiary, CK Chu Holdings Pte Ltd, for S$28 million (approximately HK$171.64 million). Following the sale, the company has entered into a leaseback arrangement with the purchaser, allowing it to continue using the property. The transaction qualifies as a major transaction under Hong Kong listing rules.

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