---
title: "SINOFORTUNE FIN plans to sell all issued share capital of SINOFORTUNE Real Estate"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249579804.md"
description: "SINOFORTUNE FIN announced plans to sell all issued share capital of SINOFORTUNE Real Estate on July 22, 2025, for a total price of HKD 29 million. The buyer is YouShi Property Limited, and the transaction includes a leaseback arrangement, with SINOFORTUNE FIN renting back the property for HKD 130,000 per month for two years. This move aims to address the downward trend in the Hong Kong commercial property market, improve the group's liquidity and financial condition, and reduce monthly financial obligations"
datetime: "2025-07-22T11:55:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249579804.md)
  - [en](https://longbridge.com/en/news/249579804.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249579804.md)
---

# SINOFORTUNE FIN plans to sell all issued share capital of SINOFORTUNE Real Estate

According to the announcement from SINOFORTUNE FIN (08123), the company has entered into a preliminary agreement with Buyer Advantage Property Limited on July 22, 2025 (after the trading session of the Stock Exchange). Under this agreement, the company (as the seller) conditionally agrees to sell, and the buyer conditionally agrees to purchase the sale shares and sale loans (which represent all issued share capital of the target company SINOFORTUNE REAL ESTATE LIMITED as of the completion date and all outstanding inter-company loans owed by the target company to other members of the group), for a total consideration of HKD 29 million.

According to the preliminary agreement, the company and the buyer have also reached a conditional agreement on a leaseback arrangement, under which, if completed, the company or one of its subsidiaries will lease back the property from the target company for a period of two years from the completion date, with a monthly rent of HKD 130,000.

It is reported that the property is located at 64 Connaught Road Central and 133 Des Voeux Road Central, 16th Floor, Chinese Manufacturers' Association Building, including restrooms A and B.

The announcement states that the sale will be conducted to liquidate the group's investment in the property to address the downward trend and uncertainties in the Hong Kong commercial property market, thereby improving the group's liquidity and overall financial condition. The leaseback arrangement will allow the group to continue occupying the property without the need to expend effort and costs to find alternative office properties for relocation and to restore the property to a handover condition upon the expiration of the lease agreement. Furthermore, the monthly rent under the leaseback arrangement will be lower than the current monthly interest expenses on the property's mortgage loan. After the sale, the proceeds will be used to pay off the outstanding mortgage balance, thereby alleviating the related monthly financial obligations, improving cash flow, maintaining the operational use of the property, and enhancing financial flexibility

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