K2 F&B Holdings Announces Major Property Sale

K2 F&B Holdings Limited (HK:2108) has released an update.

K2 F&B Holdings Limited has announced a major transaction involving the sale of a property currently leased as a restaurant for S$8,800,000, roughly equivalent to HK$50,776,000. The deal, which falls under the category of a major transaction as per Listing Rules, has already secured written approval from the company’s controlling shareholder, Strong Oriental, negating the need for a general meeting for approval. A circular with further details on the disposition is expected by 31 July 2024, following a waiver application for the extended dispatch period.

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