Core Viewpoint - CIFI Holdings Group plans to sell a 60% stake in a property in Sydney for AUD 66.3 million to alleviate overseas liquidity pressure and fund its operations [1] Group 1: Property Sale Details - The property consists of 16 contiguous lots located at various addresses in St Leonards, Sydney, covering approximately 8,700 square meters [1] - The expected development includes five residential apartment buildings with a total construction area of about 22,800 square meters [1] - Development approval has been obtained, but construction has not yet commenced [1] Group 2: Financial Strategy - The sale is part of the company's strategy to mitigate overseas liquidity pressure and seek opportunities to divest overseas assets [1] - Rising interest rates in Australia and increasing construction costs are anticipated to elevate financing and development costs for the property [1] - The board believes that the sale will help the company avoid additional costs and further liquidity pressure while capitalizing on favorable market conditions in Sydney [1]
旭辉控股集团(00884)附属拟6630万澳元出售悉尼物业60%权益