SINOFORTUNE FIN has completed the sale of all its equity in SINOFORTUNE Real Estate
SINOFORTUNE FIN announced that it has completed the sale of all equity in SINOFORTUNE Real Estate Co., Ltd., with the relevant conditions precedent having been met, and the transaction completed on October 8, 2025. Upon completion, SINOFORTUNE Real Estate will no longer be a subsidiary of the company, and its financial performance, assets, and liabilities will no longer be included in the group's financial statements. In addition, SINOFORTUNE FIN has signed a two-year lease agreement with SINOFORTUNE Real Estate, with a monthly rent of HKD 130,000
According to the announcement from SINOFORTUNE FIN (08123), it plans to sell all issued share capital of SINOFORTUNE Real Estate Limited. The specified conditions precedent for the sale have been met, and the completion will take place on October 8, 2025, in accordance with the terms and conditions of the agreements. Upon completion, the target company will no longer be a subsidiary of the company, and its financial performance, assets, and liabilities will no longer be consolidated into the group's financial statements.
In addition, on October 8, 2025, the company (as the tenant) will enter into a lease agreement with the target company (as the owner) to lease back the property for a term of two years starting from October 8, 2025, with a monthly rent of HKD 130,000
