Core Viewpoint - Macro Capital (02288) announced the sale of its entire stake in Quarella Group for HKD 240 million, aiming to exit its investment due to ongoing operational losses and challenging market conditions [1][2] Group 1: Transaction Details - The seller, Quarella Holdings Limited, which is 87% owned by Macro Capital, has entered into a sale agreement with Quarella Global Limited to sell all issued shares and loans of Quarella Group [1] - The completion of the sale is expected to occur on April 9, 2025, after which Macro Capital will no longer hold any interest in the target group [1] Group 2: Business Context - The target group consists of the main company and four wholly-owned subsidiaries, focusing on the distribution of construction and interior decoration materials, manufacturing and trading of composite surface stone products, and investment holding [1] - The manufacturing segment of the target group has been significantly impacted by operational losses and requires more external funding for its operations [2] Group 3: Strategic Rationale - The decision to sell is influenced by the slowdown in large projects and global credit tightening, leading to a challenging macroeconomic environment that negatively affects the target group's business [2] - The proceeds from the sale will enable Macro Capital to repay certain loans owed to the company, streamline its asset portfolio, and allocate resources more effectively to pursue better investment opportunities [2]
宏基资本(02288)附属拟出售可维莱集团的全部已发行股本