---
title: "PCPD Calls Special Meeting to Approve Jakarta and Niseko Asset Sales"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285128479.md"
description: "Pacific Century Premium Developments Limited (HK:0432) has announced a special general meeting on May 20, 2026, for shareholders to vote on the sale of assets in Jakarta and Niseko. The Jakarta deal involves selling a project company for US$400 million, while the Niseko transaction is for US$80 million. Both require shareholder approval and aim to reshape the company's asset portfolio and strengthen its financial position in Asian real estate."
datetime: "2026-05-04T14:37:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285128479.md)
  - [en](https://longbridge.com/en/news/285128479.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285128479.md)
---

# PCPD Calls Special Meeting to Approve Jakarta and Niseko Asset Sales

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Pacific Century Premium Developments Limited ( (HK:0432) ) just unveiled an announcement.

Pacific Century Premium Developments Limited has called a special general meeting for 20 May 2026 in Hong Kong for shareholders to vote on two major divestments involving assets in Jakarta and Niseko. The Jakarta deal involves the sale of the entire issued share capital of a Jakarta project company and related shareholder loans for US$400 million, while the Niseko transaction covers the sale of the full equity interest and shareholder loans of a Niseko target company for US$80 million.

Both transactions, executed via share purchase agreements with third-party buyers, require shareholder approval as ordinary resolutions and would authorize directors to finalize documentation and make necessary variations. If approved, the disposals will significantly reshape the group’s asset portfolio and could strengthen its financial position, with implications for its strategic focus in Asian real estate and for returns to shareholders.

**More about Pacific Century Premium Developments Limited**

Pacific Century Premium Developments Limited is a Hong Kong-listed property developer incorporated in Bermuda, focusing on premium real estate and infrastructure projects in Asia. The company operates through various subsidiaries to develop, own, and manage large-scale residential, commercial, and mixed-use developments in key regional markets.

**Average Trading Volume:** 2,024,514

**Technical Sentiment Signal:** Hold

**Current Market Cap:** HK$591.1M

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