GREENHEART GP (00094) plans to sell New Zealand forestry land and other assets, and distribute a special dividend of 1 Hong Kong cent per share. Resumption of trading on September 11th.

GREENHEART GP (00094) announces that on August 29, 2025, the company's indirectly wholly-owned subsidiaries, Greenheart Mangakahia Forest Land Limited, Greenheart Papakorakora Forest NZ Limited, and Greenheart Mangakahia Forest Mori Land Limited, intend to sell certain assets to Ingka Investments Forest Assets NZ Limited for approximately NZ$134 million (equivalent to approximately HK$615.5 million). The assets to be sold mainly include multiple pieces of land in New Zealand, New Zealand units, related license agreements, memorandums of understanding, and various records and operational data. After the completion of the sale, the group will no longer hold forestry land in New Zealand and will focus on a light asset business model in the future, with revenue primarily coming from existing and newly acquired logging rights, forest management fees, and sales transactions of logs and timber products. Additionally, the group has signed a three-year forest management agreement with the buyer, which is expected to bring in additional annual income of US$150,000 (approximately HK$1.17 million). Upon approval and completion by shareholders at the extraordinary general meeting, the Board intends to pay a special dividend of HK$0.01 per share to shareholders on the register on a date to be determined. Furthermore, the company has submitted an application to the Stock Exchange for the resumption of trading of its shares from 9 a.m. on September 11, 2025.