Core Viewpoint - ALCO HOLDINGS (00328) has entered into a sale agreement with Hong Kong Polytechnic University to sell a property for approximately HKD 90 million, which will be used to repay bank loans and financial guarantees [1] Group 1: Transaction Details - The property being sold is located at 2 An Yiu Street, Sha Tin, New Territories, Hong Kong, and consists of multiple units on the 11th floor and private parking spaces on the 2nd and 3rd floors, totaling a saleable area of approximately 19,100 square feet (about 1,778 square meters) [1] - The estimated expenses related to the sale are approximately HKD 500,000 [1] Group 2: Financial Implications - The net proceeds from the sale will be used to repay the group's bank borrowings and financial guarantees, which will reduce interest expenses and optimize the group's capital structure [1] - The board believes that the sale provides a good opportunity to realize the property's value at a reasonable price, alleviating the burden of fixed assets and related depreciation expenses [1] Group 3: Future Considerations - The group may consider renting more cost-effective properties for its office space in other locations [1]

Core Viewpoint - ALCO HOLDINGS has entered into a sale agreement with Hang Seng University for a property, aiming to liquidate its asset at a reasonable price and reduce financial burdens [1] Group 1: Sale Agreement Details - The sale agreement involves the sale of a property located at 2 An Yiu Street, Sha Tin, Hong Kong, which was purchased in 2017 for office use [1] - The property includes multiple units on the 11th floor and private parking spaces, with a total saleable area of approximately 19,100 square feet (about 1,778 square meters) [1] - The expected proceeds from the sale are approximately HKD 90 million, with estimated related expenses of about HKD 500,000 [1] Group 2: Financial Implications - The net proceeds from the sale will be used to repay the group's bank loans and financial guarantees [1] - The board believes that the sale provides a good opportunity to realize the property's value, alleviate fixed asset burdens, and reduce related depreciation expenses [1] - The transaction is expected to decrease interest expenses and optimize the group's capital structure [1] Group 3: Future Considerations - The group may consider renting more cost-effective properties for its office needs in other locations [1]

Core Viewpoint - ALCO HOLDINGS has entered into a sale agreement with Hang Seng University for a property located in Hong Kong, with the transaction expected to generate approximately HKD 90 million in proceeds [1] Group 1: Transaction Details - The property being sold includes multiple units on the 11th floor and parking spaces on the 2nd and 3rd floors, totaling a saleable area of approximately 19,139 square feet (1,778 square meters) [1] - The estimated expenses related to the sale are around HKD 500,000 [1] Group 2: Financial Implications - The net proceeds from the sale will be used to repay the group's bank borrowings and financial guarantees [1]