China Wantian Sells Property-Holding Unit for HK$46.5 Million with One-Year Leaseback
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China Wantian Holdings Limited has sold a property-holding subsidiary for HK$46.5 million, which includes industrial workshops and car parks in Kwai Chung. The company will lease back part of the properties for one year at HK$120,000 per month to ensure continuity in its food supply operations. This transaction is classified as a discloseable transaction under Hong Kong listing rules, allowing the company to unlock value while retaining access to essential facilities. The current analyst rating for the stock is a Hold with a price target of HK$1.00.
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