Group 1 - K2 F&B has entered into a sale agreement to sell a property in Singapore for SGD 28 million (approximately HKD 172 million), excluding applicable goods and services tax [1] - The buyer, Aik Chuan Construction Pte Ltd, will lease the property back to K2 F&B at a monthly rent of SGD 75,000 (approximately HKD 460,000) for an initial term of three years, with an option to renew for another three years at a maximum rent increase of 10% [1] - The property was previously acquired by K2 F&B in 2020 for approximately SGD 22.2 million (around HKD 136 million), primarily funded through bank loans [2] Group 2 - The sale is seen as an opportunity to realize the property's value, allowing the company to use the net proceeds to repay bank loans, thereby reducing debt and financing costs, and alleviating liquidity pressure [2] - The property has been operated as an air-conditioned food center and has units leased to third parties [2]
K2 F&B(02108)附属拟2800万新加坡元出售新加坡物业