Core Viewpoint - Star Group (01560.HK) has announced the sale of a property located at 18 Yau Wa Street, Causeway Bay, Hong Kong, for HKD 14.975 million, as part of a strategy to address the declining commercial property market in Hong Kong and improve its financial position [1] Group 1: Transaction Details - The seller, Wise City Holdings Limited, a wholly-owned subsidiary of the company, has entered into an agreement with Thing On Financial Group Limited for the sale [1] - The transaction is set to be completed on November 10, 2025 [1] Group 2: Strategic Rationale - The board has been evaluating the commercial environment in Hong Kong and the development of the commercial property market [1] - The sale is intended to convert the investment in the property into cash, which will help the company cope with the downward trend in the commercial property market and address uncertainties [1] - The proceeds from the sale are expected to improve the group's debt, liquidity, financing costs, and overall financial pressure [1]

Core Viewpoint - Star Group (01560) plans to sell a property located at 18 Yau Wa Street, Causeway Bay, Hong Kong, for HKD 14.975 million, as a strategic move to address the downturn in the commercial property market and improve its financial position [1] Group 1: Property Sale Details - The property has a total area of approximately 637 square feet [1] - The sale is being conducted through Wise City Holdings Limited, a wholly-owned subsidiary of Star Group [1] Group 2: Financial Implications - The board believes that the sale will help to realize the investment in the property and manage the uncertainties in the Hong Kong commercial property market [1] - The transaction is expected to improve the group's debt, liquidity, financing costs, and overall financial pressure [1]

Core Viewpoint - Star Group (01560) announced the sale of a property located at 18 Yau Wa Street, Causeway Bay, Hong Kong, for HKD 14.975 million, as a strategic move to address the downturn in the Hong Kong commercial property market and improve its financial position [1] Group 1 - The property has a total built-up area of approximately 637 square feet [1] - The sale is expected to help the company manage its debt, liquidity, financing costs, and overall financial pressure [1] - The board believes that monetizing the investment in the property is a prudent response to the uncertain market conditions [1]