DIMMI LIFE HLDG's subsidiary plans to sell a plot of land in Japan for HKD 21.995 million
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DIMMI LIFE HLDG announced that its wholly-owned subsidiary will sell undeveloped land located in Osaka, Japan for 415 million Japanese yen (approximately HKD 21.995 million). The land has been vacant since its acquisition in 2018, and the sale will bring a premium above the book value, improve liquidity by taking advantage of market conditions, reduce the debt ratio, and reallocate capital to more competitive business areas. The expected net income is approximately HKD 20.0502 million, which will be used to repay debts or for other business development
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