Group 1 - The core transaction involves Easyknit Properties, a wholly-owned subsidiary of the company, agreeing to sell all issued share capital of 卓益 to 高山 for a net amount of approximately HKD 295.5 million, which is the expected unpaid amount due to 卓益 on the completion date [1] - The significant asset of 卓益 is a property located at 19 Garden Street, Mong Kok, Kowloon, with a total saleable area of 13,544 square feet [1] - 卓益 also holds equity securities listed in Hong Kong, including 42.308 million shares of 百福控股有限公司 and 268,000 shares of 中国平安保险(集团)股份有限公司, with a total fair value of approximately HKD 46.3 million as of March 31, 2025 [1] Group 2 - The expected purchase price is approximately HKD 268.4 million, which will be paid by 高山 through the issuance of convertible bonds to Easyknit Properties or its agents on the completion date [2] - The sale of 卓益 and the property aligns with the company's strategy to prudently maintain cash flow rather than continuously fund cash outflows related to the property [2] - The transaction is not expected to result in any losses for the company and its shareholders, and the interest from the convertible bonds will provide a regular income source for the group [2]
永义国际(01218)拟向高山(00616)出售卓益的全部已发行股本