Zhi Tong Cai Jing·2025-12-09 15:04Group 1 - The core transaction involves the sale of shares in Surearn Profits, which holds a 50% interest in Wah Lee, by a wholly-owned subsidiary of Lisheng Development to Jasmine Investment Development IV Limited [1] - The sale is part of a broader strategy to enhance the financial position of Lisheng Garment Group and Lisheng Development Group, with an estimated net cash inflow of approximately HKD 2.4 billion [2] - The agreed property value for the transaction is HKD 3.498 billion, which will be combined with the net asset value of Surearn Profits at completion [2] Group 2 - As of July 31, 2025, Lisheng Garment Group and Lisheng Development Group had net current liabilities of HKD 5.42 billion and HKD 4.506 billion, respectively [2] - The refinancing of the syndicated loan for Cheung Sha Wan Plaza is expected to be completed by September 30, 2025, which will further improve the financial metrics of both groups [2] - Upon completion of the sale, both groups are projected to shift from net current liabilities to net current assets [2]