Lai Sun Garment (International) (DE:LAI3) has released an update.
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Lai Sun Garment (International) has announced the disposal of their business premises through two Sale and Purchase Agreements (SPAs) for a total consideration of approximately HK$35.4 million. The aggregated transactions exceed 5% but stay under 25% of the applicable percentage ratios, making them a discloseable event under the Listing Rules without requiring shareholders’ approval. The disposal involves the premises located at Hengqin New Area, Zhuhai, PRC, and the completion is expected by 30 August 2024.
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