China Motor Bus Sells London Property for £47M

China Motor Bus Co. Ltd. (HK:0026) has released an update.

China Motor Bus Co. Ltd. has announced a major transaction involving the sale of its freehold property, Albany House in London, for £47 million (approximately HK$477.99 million). The sale exceeds 25% of the company’s applicable percentage ratios, categorizing it as a major transaction requiring shareholder approval. A circular will be dispatched to shareholders with details and an Extraordinary General Meeting (EGM) will be convened for approval of the sale.

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