Core Viewpoint - Han Guo Real Estate (00160.HK) has entered into a conditional sale agreement to sell Oseling Investments' entire equity and related loans for an estimated total consideration of approximately HKD 340.35 million, which includes a property value of HKD 338 million and the net asset value of the target group [1][2] Group 1: Transaction Details - The seller, HKL Holdings (BVI) Limited, and the buyer, Xianjun Management Limited, have agreed on the sale of shares and loans related to Oseling Investments [1] - The estimated consideration for the transaction is based on the property value of HKD 338 million and the completion net asset value of the target group, which is approximately HKD 2,349,500 as of March 31, 2025 [1][2] - The net asset value calculation excludes the book value of the property, sales loans, and any deferred tax liabilities [1] Group 2: Group Structure and Strategic Rationale - The target group consists of Oseling Investments, Yingdu, and Bao Xuan Hotel (Tsim Sha Tsui), with Oseling Investments holding 100% equity in the other two entities [2] - The property in question is located at 5, 7, and 9 Observatory Road, Kowloon, Hong Kong, and includes all registered land parcels and buildings known as Norsford Plaza [2] - The board believes that the sale presents a valuable opportunity to unlock investment value in the property, generate positive cash flow, reduce bank borrowings, and improve overall liquidity and financial health of the group [2]
汉国置业(00160.HK)出售香港九龙天文台物业 优化物业组合及资源分配