Core Viewpoint - Star Group (01560.HK) has announced the sale of a property located at 18 Yau Wa Street, Causeway Bay, Hong Kong, for HKD 14.975 million, as part of a strategy to address the declining commercial property market in Hong Kong and improve its financial position [1] Group 1: Transaction Details - The seller, Wise City Holdings Limited, a wholly-owned subsidiary of the company, has entered into an agreement with Thing On Financial Group Limited for the sale [1] - The transaction is set to be completed on November 10, 2025 [1] Group 2: Strategic Rationale - The board has been evaluating the commercial environment in Hong Kong and the development of the commercial property market [1] - The sale is intended to convert the investment in the property into cash, which will help the company cope with the downward trend in the commercial property market and address uncertainties [1] - The proceeds from the sale are expected to improve the group's debt, liquidity, financing costs, and overall financial pressure [1]
星星集团(01560.HK)拟1497.5万港元出售香港铜锣湾物业