Chevalier’s $35 Million Asset Sale in Portland

Chevalier International Holdings Limited (HK:0025) has released an update.

Chevalier International Holdings Limited’s subsidiary, OR4 Laurelhurst, has entered into an agreement to sell its real estate assets located in Portland, Oregon, for $35 million to SE Stark. This transaction, classified as a discloseable transaction under stock exchange rules, involves the transfer of property, buildings, and associated assets, while excluding goodwill and certain financial assets. This strategic move is expected to impact the company’s financial positioning.

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