Core Viewpoint - New City Development (01030) announced the conditional sale of its subsidiaries, New City Jin Feng Asset Management Co., Ltd. and New City Jin Feng Securities Co., Ltd., to Jin Feng Capital Holdings Limited for a total consideration of HKD 88.05 million, aimed at optimizing resources and streamlining the group's structure [1] Group 1: Transaction Details - SRCIM, a wholly-owned subsidiary of the company, has entered into two share transfer agreements with Jin Feng Capital Holdings Limited, agreeing to sell the entire issued share capital of target company A for HKD 25.23 million and target company B for HKD 62.82 million [1] - The sale is conditional, with both parties agreeing to the terms outlined in the share transfer agreements [1] Group 2: Strategic Rationale - The board believes that the sale will enable the group to optimize resources and streamline its structure, particularly as the target companies do not have significant business operations [1] - For the fiscal year ending December 31, 2024, the target companies are expected to incur overall losses, with only minimal profits projected for the year ending December 31, 2025 [1] - The proceeds from the sale will allow the group to allocate financial resources to its primary business operations as a property developer or other future business developments [1]

Core Viewpoint - IBI Group Holdings has entered into a share purchase agreement to sell 80% of Building Solutions Limited for HKD 1.5 million, allowing the company to refocus on its core business and improve operational efficiency [1] Group 1: Transaction Details - The seller, IBI Group Limited, is a wholly-owned subsidiary of IBI Group Holdings, and the buyer is Mr. Yan Jian Song [1] - The buyer currently holds 2,000 ordinary shares, representing 20% of the issued share capital of Building Solutions Limited [1] - Upon completion of the transaction, the buyer will own 100% of Building Solutions Limited, and its financial performance will no longer be consolidated into the group’s financial statements [1] Group 2: Company Profile - Building Solutions Limited is a limited company established in Hong Kong, focusing on products and services that enhance building performance and well-being, particularly in improving indoor air quality and providing modern sustainable building materials [1] Group 3: Strategic Rationale - The board of directors believes that the sale is appropriate after considering the financial performance and operational status of the target company [1] - The transaction aims to streamline the business structure and concentrate resources on existing core business segments, thereby enhancing operational efficiency and strengthening financial stability for sustainable growth [1]