---
title: "ITC Properties to Divest Subsidiary Holding 250 Hennessy in HK$168.7 Million Deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278620247.md"
description: "ITC Properties Group Limited has agreed to sell its entire equity interest in Success Well Investment Limited, which owns the commercial property 250 Hennessy in Wanchai, Hong Kong, for a maximum of HK$168.7 million. The deal is based on a property value of HK$410 million, minus an outstanding mortgage of HK$241.3 million. This transaction is classified as a discloseable transaction under Hong Kong listing rules and is subject to certain conditions. Shareholders are advised to exercise caution regarding the company's shares. The latest analyst rating for ITC Properties is a Sell with a price target of HK$1.00."
datetime: "2026-03-10T14:37:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278620247.md)
  - [en](https://longbridge.com/en/news/278620247.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278620247.md)
---

# ITC Properties to Divest Subsidiary Holding 250 Hennessy in HK$168.7 Million Deal

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ITC Properties Group Limited ( (HK:0199) ) has issued an update.

ITC Properties Group Limited has agreed to sell its entire equity interest in Success Well Investment Limited, the indirect wholly owned subsidiary that owns the commercial property 250 Hennessy in Wanchai, Hong Kong. The transaction covers all issued shares in Success Well and an outstanding shareholder loan of about HK$534.6 million owed to the vendor.

The consideration will be based on an agreed property value of HK$410 million, less an outstanding mortgage loan of HK$241.3 million that will remain in place at completion, and adjusted by the net asset value at completion, implying a price of about HK$164.4 million and capped at HK$168.7 million. The deal qualifies as a discloseable transaction under Hong Kong listing rules, and remains conditional on certain requirements being met, meaning the disposal may or may not proceed and shareholders are urged to exercise caution when dealing in the company’s shares.

The most recent analyst rating on (HK:0199) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on ITC Properties Group Limited stock, see the HK:0199 Stock Forecast page.

**More about ITC Properties Group Limited**

ITC Properties Group Limited, incorporated in Bermuda and listed in Hong Kong, operates in the property investment and development sector. Through its subsidiaries, the group holds and manages commercial real estate assets in Hong Kong, including the building known as 250 Hennessy in Wanchai, which is owned via its indirect wholly owned subsidiary Success Well Investment Limited.

**Average Trading Volume:** 3,602,525

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$1.08B

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