CHINNEY INV(00216) plans to sell its subsidiary investments in Oseling Investments, Hotel Madera Hong Kong, and B P International Hotel (Tsim Sha Tsui).

CHINNEY INV (00216) announces that on October 28, 2025, the seller HKL Holdings (BVI) (an indirect non-wholly owned subsidiary of Cheung Kong and a direct wholly owned subsidiary of Hanison) entered into a provisional sale and purchase agreement with the buyer XianJun Management. The seller has conditionally agreed to sell and transfer, and the buyer has conditionally agreed to purchase and accept the transfer of the sale shares and sale loan. The consideration for the sale shares and sale loan will be the agreed property value of HKD 338 million and the aggregate of the target group's net asset value upon completion. To determine the consideration under the provisional sale and purchase agreement, the net asset value of the target group should exclude the book value of the property, the sale loan, any intercompany balances to be repaid, offset, replaced, terminated, offset or transferred to the seller, and any deferred tax liabilities (if any). As of March 31, 2025, the unaudited consolidated net asset value of the target group is approximately HKD 23.495 million, including current assets of around HKD 35.068 million and current liabilities of around HKD 11.573 million. Therefore, the estimated consideration will be around HKD 340 million. The target group consists of Oseling Investments, Engtin, and Baoxuan Hotel (Tsim Sha Tsui). Oseling Investments is an investment holding company that owns 100% of Engtin and Baoxuan Hotel (Tsim Sha Tsui), each of which holds the property and hotel license respectively. As of the date of this announcement, Hanison (a limited company registered in Hong Kong, with shares listed on the main board of the Stock Exchange of Hong Kong (00160)) is directly owned by Cheung Kong with a 68.09% stake.