EMPEROR INT'L(00163) plans to sell a property on Oxford Street in London, UK.

date
07:38 30/10/2025
avatar
GMT Eight
Emperor International (00163) announced that on October 29, 2025, the company will acquire full ownership of its subsidiary Emperor Property Investment...
EMPEROR INT'L (00163) announced that on October 29, 2025, the company intends to sell all the issued share capital of Shineon Investments Limited to Northstar 181-183 Propco Limited, a subsidiary of the company, for an estimated amount of approximately 21.8 million. It is reported that the target company is mainly engaged in property investment business and owns the property. The property is a 7-storey (including basement) retail and office building located at 181-183 Oxford Street, London, W1, UK, with a net internal area of 13,049 square feet. Considering the recent situation in the UK property market and the recent appreciation of the pound, the board of directors believes that the sale provides a good opportunity for the group to realize its investment in the property, and the proceeds from the sale will further enhance the group's financial position.