LVGEM (China) Real Estate Investment Company Limited ( (HK:0095) ) just unveiled an announcement.
LVGEM (China) Real Estate Investment Company Limited has announced the sale of its hotel property in Los Angeles, USA, through its indirect wholly-owned subsidiary. The transaction, valued at US$20 million, involves the transfer of all tangible and intangible assets associated with the Vanllee Hotel & Suites, excluding the LVGEM name. This strategic move aims to enhance the company’s liquidity by capitalizing on favorable market conditions and optimizing its financial position.
More about LVGEM (China) Real Estate Investment Company Limited
YTD Price Performance: -28.57%
Average Trading Volume: 50,164,561
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.82B
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