Group 1 - The company, Rongtai Group, announced the sale of its subsidiary, Clever Star Development Limited, to Pioneer Investment Special Opportunities Fund I for HKD 4 million [1] - The main asset being sold is a residential property development project located in Zigong City, Sichuan Province, China, covering a total land area of approximately 493,842.96 square meters [1] - The land use rights for the property have been valid since August 2013 for a duration of 70 years, designated for residential purposes [1] Group 2 - The company is reassessing its investment in the sold subsidiary due to the challenging business environment in the Chinese real estate sector and the negative financial status of the subsidiary [2] - The expected gain from the sale, including reserve adjustments but excluding transaction costs, is estimated to be approximately HKD 145.2 million, which will significantly reduce the company's overall liabilities [2] - This transaction is expected to strengthen the remaining group's financial position and help address issues related to the inability to express an opinion on financial statements [2]
融太集团(01172)拟400万港元出售金锦投资有限公司