Core Viewpoint - Star Group (01560) plans to sell a property located at 18 Yau Wa Street, Causeway Bay, Hong Kong, for HKD 14.975 million, as a strategic move to address the downturn in the commercial property market and improve its financial position [1] Group 1: Property Sale Details - The property has a total area of approximately 637 square feet [1] - The sale is being conducted through Wise City Holdings Limited, a wholly-owned subsidiary of Star Group [1] Group 2: Financial Implications - The board believes that the sale will help to realize the investment in the property and manage the uncertainties in the Hong Kong commercial property market [1] - The transaction is expected to improve the group's debt, liquidity, financing costs, and overall financial pressure [1]
星星集团(01560)拟1497.5万港元出售香港物业