CROSS-HAR(HOLD) subsidiary sells equity to Portfolio Advisors for USD 18.1168 million
CROSS-HAR(HOLD) announced that its indirectly wholly-owned subsidiary MWH has reached an agreement with Portfolio Advisors to sell its investment interest in Apollo Hybrid Value Overseas Partners II, L.P. for USD 18.1168 million. This move aims to enhance the company's cash flow and financial flexibility to explore other investment opportunities in the future
According to the announcement from CROSS-HAR(HOLD) (00032), on September 30, 2025 (U.S. time), MWH (the company's indirect wholly-owned subsidiary) entered into an agreement with Portfolio Advisors to sell its equity interest (MWH's investment in the partnership Apollo Hybrid Value Overseas Partners II, L.P.) for an initial purchase price of USD 18.1168 million (approximately HKD 141 million) (which may be adjusted as described below).
In line with its financial management business's investment objectives, the company regularly assesses the possibility of making appropriate adjustments to its investment holdings to provide stable risk-adjusted returns for its shareholders. After evaluating the following: the overall risk, potential returns, and risk profile of its existing non-listed fund portfolio; potential future investment opportunities; and the opportunity to realize a significant portion of the group's investment in the partnership through an early exit, the board believes that the sale represents a good opportunity for the group to monetize its investment and enhance its cash position. The cash inflow generated from the sale will provide the company with financial flexibility and resources to consider and explore other investment opportunities that may arise in the future
