HKR INT'L plans to sell all equity of Pei Yi Limited for HKD 180 million
HKR INT'L plans to sell its wholly-owned subsidiary Dreamy Investments Limited's entire equity in Pei Yi Limited for HKD 180 million. The transaction involves properties located in Tuen Mun, New Territories, including a public parking lot and related facilities. The board believes that this sale will help enhance the group's cash flow and provide satisfactory returns amid the current liquidity pressure in the property market
According to the Zhitong Finance APP, HKR INT'L (00480) announced that on September 22, 2025, its indirectly wholly-owned subsidiary Dreamy Investments Limited intends to sell all issued share capital and sales loans of Pei Yi Limited to Huazhan Investment Co., Ltd. for a total consideration of HKD 180 million (subject to adjustments, if any).
It is reported that the target company is the sole legal and beneficial owner of the property, which includes the 8th floor public parking lot of "Tuen Mun Central Plaza" located at 22 Hoi Wing Road, Tuen Mun, New Territories, along with the payment office and the container parking space numbered C1 on the ground floor. The property is currently leased to a parking lot operator for rental income. The property will be delivered to the buyer in its current condition and subject to existing lease agreements upon completion.
In light of the liquidity pressure in the property market and the sluggishness of bulk transactions, the board believes that the sale provides a valuable opportunity for the group to convert long-held assets into cash to achieve satisfactory returns, thereby enhancing the group's cash flow
