英皇國際附屬擬出售帝豪投資全部股權
EMPEROR INT'L announced that it will sell all of its equity in its wholly-owned subsidiary, Emperor Investment, on February 28, 2025, for a transaction amount of approximately HKD 79.8 million. Emperor Investment primarily engages in investment holding, with properties including investment properties located in Kowloon, Hong Kong. The group, after regular review, believes that the appreciation potential of the property is limited, and therefore has decided to sell
According to the announcement from EMPEROR INT'L (00163), on February 28, 2025, the seller (Emperor Property Investment, wholly owned by the company) and the buyer (Emperor Watch and Jewelry (Hong Kong and Macau)) entered into a sales agreement regarding the sale of all shares of the target company (Empire Investment Limited) for a price of approximately HKD 79.8 million (subject to adjustment) and the outstanding loans owed by the target company to the seller.
The main business of the target company is investment holding. The property company is a limited company registered in Hong Kong, wholly owned by the target company. The property company engages in property investment and holds the property. The property includes space and advertising locations on the 2nd to 4th floors of 4-8 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong. The property is held as an investment property and is sold on an as-is basis.
The group regularly reviews its investment portfolio to optimize investment returns. After the regular review of its investment portfolio, the group believes that the property only includes the top three floors of the building, and the opportunities for redevelopment to further enhance rental income or significantly increase asset value are limited. Considering the above reasons, the group believes it is time to sell the property
