YUZHOU GROUP (01628.HK) has signed a preliminary agreement to sell the property on the 58th floor of the Central Center for approximately HKD 269 million to an independent third party, XinYao Limited, ultimately owned by Xu Yanling, and is expected to incur a loss of about HKD 83.02 million. The proceeds from the sale are intended to be used for debt repayment.

The property includes rooms 5801, 5802, 5803, 5805, 5806, and 5813 on the 58th floor of the Central Center, 99 Queen's Road Central, Hong Kong