Core Viewpoint - HKL Holdings (BVI) Limited, a wholly-owned subsidiary of Han Guo Properties (00160), has conditionally agreed to sell shares and loans to Hsien Jun Management Limited for a total estimated consideration of approximately HKD 340 million, which includes the property value of HKD 338 million and the net asset value of the target group [1][2] Group 1: Transaction Details - The transaction involves the sale of shares and loans, with the property value set at HKD 338 million and the estimated total consideration around HKD 340 million [1] - The net asset value of the target group, as of March 31, 2025, is approximately HKD 2.35 million, which includes current assets of about HKD 3.51 million and current liabilities of about HKD 1.16 million [1][2] Group 2: Property and Group Structure - The target group consists of Oseling Investments, Ying Du, and Bao Hsuan Hotel (Tsim Sha Tsui), with Oseling Investments holding 100% of the shares in Ying Du and Bao Hsuan Hotel [2] - The property is located at 5, 7, and 9 Observatory Road, Kowloon, Hong Kong, comprising a 23-story building with a site area of approximately 3,937 square feet and a total floor area of about 60,894 square feet [2] Group 3: Financial Implications - The sale is expected to generate a net cash inflow of approximately HKD 141 million after repaying bank loans, which will enhance the group's liquidity and overall financial position [2] - The board believes that the sale provides a valuable opportunity to unlock investment value in the property and improve the group's financial health [2]

Core Viewpoint - Han Guo Properties (00160) has entered into a conditional sale agreement to sell shares and loans related to a property for an estimated total consideration of approximately HKD 340 million, which is expected to enhance the company's liquidity and overall financial position [1][2]. Group Summary - The seller, HKL Holdings (BVI) Limited, is a wholly-owned subsidiary of the company, and the buyer is Xian Jun Management Limited [1]. - The property involved is located at 5, 7, and 9 Observatory Road, Kowloon, Hong Kong, and consists of a 23-story building with a total floor area of approximately 60,894 square feet [2]. - The estimated net proceeds from the sale, after repaying bank loans, are expected to be around HKD 141 million, which will be used to supplement the company's working capital and improve liquidity [2].

Core Viewpoint - Han Guo Real Estate (00160.HK) has entered into a conditional sale agreement to sell Oseling Investments' entire equity and related loans for an estimated total consideration of approximately HKD 340.35 million, which includes a property value of HKD 338 million and the net asset value of the target group [1][2] Group 1: Transaction Details - The seller, HKL Holdings (BVI) Limited, and the buyer, Xianjun Management Limited, have agreed on the sale of shares and loans related to Oseling Investments [1] - The estimated consideration for the transaction is based on the property value of HKD 338 million and the completion net asset value of the target group, which is approximately HKD 2,349,500 as of March 31, 2025 [1][2] - The net asset value calculation excludes the book value of the property, sales loans, and any deferred tax liabilities [1] Group 2: Group Structure and Strategic Rationale - The target group consists of Oseling Investments, Yingdu, and Bao Xuan Hotel (Tsim Sha Tsui), with Oseling Investments holding 100% equity in the other two entities [2] - The property in question is located at 5, 7, and 9 Observatory Road, Kowloon, Hong Kong, and includes all registered land parcels and buildings known as Norsford Plaza [2] - The board believes that the sale presents a valuable opportunity to unlock investment value in the property, generate positive cash flow, reduce bank borrowings, and improve overall liquidity and financial health of the group [2]