Core Viewpoint - Century City International, Paliburg Holdings, and Regal Hotels have announced a share purchase agreement involving the sale of a property in London for £19.5 million, with additional financial arrangements for shareholder loans [1][2][3] Group 1: Transaction Details - The total purchase price for the shares is £19.5 million, approximately HKD 209 million [1] - The seller, Sun Moon International Limited, is a wholly-owned subsidiary of Regal Hotels, and the buyer is MNX Properties Limited [1] - The buyer will provide funds to the target company to repay approximately £19.46 million in shareholder loans owed to the seller [1] Group 2: Target Company Information - The target company, Waterman House Investments Limited, is the sole legal and beneficial owner of the property located at 41 Kingsway, London [2] - The maximum total price the seller expects to receive is estimated at £20.43 million, approximately HKD 219 million [2] - The property is a nine-story building with a total floor area of approximately 2,150 square meters (23,140 square feet) and is currently vacant [2] Group 3: Strategic Rationale - Regal Hotels initially intended to develop the property into a hotel but decided to reassess its overseas investment strategy due to the impact of the COVID-19 pandemic and geopolitical uncertainties [3] - The company aims to focus on its core hotel and property business in Hong Kong and is actively seeking to sell non-core assets to strengthen liquidity [3] - The sale of this property aligns with Regal's asset disposal plan, allowing for consideration of satisfactory offers [3]