EMPEROR INT'L (00163) subsidiary intends to sell all shares of Emperor Investment

EMPEROR INT'L (00163) announced that on February 28, 2025, the seller (Emperor Property Investment, directly owned in full by the company) entered into a sales agreement with the buyer (EMPEROR WATCH & J (Hong Kong and Macau)) regarding the sale of all the shares of the target company (Emperor Investment Limited) and the outstanding loan owed by the target company to the seller for an approximate price of HK$79.8 million (subject to adjustment). The main business of the target company is investment holding. The property company is a limited company registered in Hong Kong, directly owned in full by the target company. The property company is engaged in property investment business and holds the property. The property includes space and advertisement space on the 2nd to 4th floors of 4-8 Guangdong Road in Tsim Sha Tsui, Kowloon, Hong Kong. The property is held as an investment property and is being sold based on its current condition. The group regularly reviews its investment portfolio to optimize investment returns. After a regular review of its investment portfolio, the group believes that the property only includes the top three floors of the building, and the opportunities for further increasing rental income or significant asset appreciation through redevelopment are limited. Considering the above reasons, the group believes that now is the time to sell the property.