longbridge

01628

----

STOCKS | Yuzhou Sells Central Plaza Units for HK$269 Million, Expects HK$83 Million Loss

Yuzhou Group (1628) said it will sell units 5801, 5802, 5803, 5805, 5806 and 5813 on the 58th floor of Central Plaza for about HK$269 million to Xin Yao Co Ltd, which is held by Xu Yanling. According to Ming Pao, after completion the group will no longer hold the property as an asset and expects to record an unaudited loss of about HK$83.02 million. Net proceeds, after estimated transaction costs and expenses, are expected to be about HK$268 million and will be used to repay debt.

Source: CoinLive The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

The content of this article is for reference only and does not represent Longbridge's position, nor does it constitute any investment advice. Investment involves risks, please invest cautiously.

© 2026 LongbridgeTerms of ServicePrivacy Policy