MEXAN plans to sell its hotel property in Hong Kong and acquire shopping mall properties
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MEXAN announced plans to sell the Yonglun 800 Hotel and furniture on February 7, 2025, for HKD 765 million, and to acquire 100% equity in Hongjing Real Estate Co., Ltd. The hotel being sold is located in Tsing Yi and offers 800 rooms, with expected sale proceeds of approximately HKD 400 million. The net proceeds from the sale will be used to repay bank loans, distribute dividends, and for working capital. After approval from the shareholders' meeting, a special dividend of HKD 0.06 per share is proposed
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