Group 1 - The company, Yingda Real Estate, announced the sale of its entire issued share capital and shareholder loans of the target company, Triple8 KK, which operates Midtown Niseko in Japan, for a total consideration of $80 million [1][2] - The target company is an eco-hotel located in Niseko, Hokkaido, Japan, and the sale is seen as a timely opportunity to optimize the company's property portfolio amid the recent property market conditions in Japan [2] - The board expects the net proceeds from the sale to be used to enhance the company's financial position, including reducing debt to lower borrowing costs and reallocating resources to ongoing and potential residential projects in Japan, Thailand, and Hong Kong [2] Group 2 - The sale is anticipated to generate significant cash inflow, thereby improving the company's financial flexibility and operational capacity [2] - The proceeds will also be utilized to enhance working capital, covering employee costs, rent, and other indirect expenses, enabling the company to seize new business opportunities as they arise [2]
盈大地产(00432)拟8000万美元出售日本生态酒店Midtown Niseko