Chinese Estates (Holdings) (HK:0127) has released an update.
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Chinese Estates Holdings has completed a major transaction by selling a property for GBP162 million, equivalent to approximately HK$1,590.8 million. The sale, which was finalized on December 19, 2024, involves an indirect wholly-owned subsidiary of the company and an independent third-party buyer. The transaction exceeds 25% of applicable percentage ratios under Hong Kong Listing Rules, making it a significant move for the company.
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