Core Viewpoint - HKL Holdings (BVI) Limited, a wholly-owned subsidiary of Han Guo Properties (00160), has conditionally agreed to sell shares and loans to Hsien Jun Management Limited for a total estimated consideration of approximately HKD 340 million, which includes the property value of HKD 338 million and the net asset value of the target group [1][2] Group 1: Transaction Details - The transaction involves the sale of shares and loans, with the property value set at HKD 338 million and the estimated total consideration around HKD 340 million [1] - The net asset value of the target group, as of March 31, 2025, is approximately HKD 2.35 million, which includes current assets of about HKD 3.51 million and current liabilities of about HKD 1.16 million [1][2] Group 2: Property and Group Structure - The target group consists of Oseling Investments, Ying Du, and Bao Hsuan Hotel (Tsim Sha Tsui), with Oseling Investments holding 100% of the shares in Ying Du and Bao Hsuan Hotel [2] - The property is located at 5, 7, and 9 Observatory Road, Kowloon, Hong Kong, comprising a 23-story building with a site area of approximately 3,937 square feet and a total floor area of about 60,894 square feet [2] Group 3: Financial Implications - The sale is expected to generate a net cash inflow of approximately HKD 141 million after repaying bank loans, which will enhance the group's liquidity and overall financial position [2] - The board believes that the sale provides a valuable opportunity to unlock investment value in the property and improve the group's financial health [2]
汉国置业(00160)拟3.4亿港元出售及转让Oseling Investments、英都及宝轩酒店(尖沙咀)股权及贷款