EMPEROR INT'L the MVP sold 112 sets for HKD 2.23 billion to improve finances by selling Macau properties

EMPEROR INT'L (00163.HK) announced that it has implemented a series of measures to improve the group's financial condition. Regarding the pre-sale of new development projects, the group launched the residential development project the MVP for pre-sale in September, and currently, 112 units of this project have successfully signed sales contracts, with a total contract amount of approximately HKD 2.23 billion. The construction work is progressing smoothly as planned and is expected to be completed in 2026. In addition, the group will continue to accelerate the sale of the remaining units of residential projects, including a luxury house at 15 Shoushan Mountain, which was successfully sold in September this year at a selling price of approximately HKD 580 million.

In terms of selling investment properties, its indirect wholly-owned subsidiary sold three properties in Macau for a total consideration of HKD 90 million, including Ground B of 67-69 Avenida do Dr. Sun Yat-sen, Ground C2 of Lixing Building at 5 Dr. Robert Street, and 1st Floor B of 65-A Avenida do Dr. Sun Yat-sen; the transaction is expected to be completed on or before October 31 of this year. Meanwhile, the company has been actively engaging in constructive discussions with banks to formulate a mutually agreed financial restructuring plan