The valuation of the leading enterprise Shun Tak Center's silver master stock is 140 million, which is 56% lower than the purchase price eight years ago

First Opportunity Enterprises (00176.HK) or related parties hold rooms 1501, 1502, 1510, 1511, 1512A, and 1512B on the 15th floor of the Sheung Wan Shun Tak Centre West, which has recently been put on the market by the mortgagee for sale. The latest valuation of the property is approximately HKD 140 million, which is about 56% lower than the purchase price eight years ago.

The property was purchased by First Opportunity Enterprises or related parties in 2017 for over HKD 320 million. Senior Director of Colliers Hong Kong Capital Markets and Investment Services Department, Eddie Wu, stated that the property will be sold on an "as-is" basis, with the bid closing date set for October 16