Core Viewpoint - Delin Holdings (01709) has entered into a subscription agreement with Carmel Reserve LLC to acquire approximately 15.10% of the existing B-class member interests, with a total investment of approximately $10.32 million (around HKD 80.52 million), which will increase the company's stake to about 32.97% post-transaction [1][2][4] Group 1: Investment Details - The subscription agreement involves acquiring B-class member interests in Carmel Reserve LLC, which is developing the "ONE Carmel" luxury residential project in California [1][2] - The project spans 891 acres (approximately 3.6 square kilometers) and is planned to consist of 73 lots, with an average lot size of 4.38 acres (approximately 17,725 square meters) [2] - The first phase of the "ONE Carmel" project is expected to be completed by 2026 [2] Group 2: Strategic Importance - The board views this subscription as a significant strategic opportunity to deepen investment in the luxury residential development in Carmel Valley, California [2][3] - The investment will convert previous debt investments into equity and inject an additional $8 million in new funds to support ongoing development [2][3] Group 3: Project Potential - "ONE Carmel" is considered a high-quality real estate asset with significant future tokenization potential, aligning with the company's goals in digital finance and blockchain [3] - The project aims to meet the growing demand for ultra-luxury, sustainable living spaces, particularly appealing to high-net-worth individuals [3] - The development will feature modern designs, top-tier amenities, and advanced technology, enhancing operational efficiency and asset value [3] Group 4: Financial Outlook - The board believes that the subscription will generate sustainable value for shareholders through financial returns from the project [4] - The terms of the subscription agreement are deemed fair and reasonable, aligning with the overall interests of the company and its shareholders [4]
德林控股进一步认购Carmel Reserve LLC 15.10% B级成员权益