HKR INT'L (00480): Hong Kong Prosperity intends to sell all of its issued capital in Yue Shan Limited for HK$452 million.

HKR INT'L (00480) announced that on December 29, 2025, the seller, Hong Kong Prosperity Limited (a subsidiary company indirectly owned by the Company holding 50% of its shares), the buyer A (SPES HOLDINGS LTD), and the buyer guarantor entered into Sale and Purchase Agreement A. According to the agreement, the seller agreed to sell and transfer all the issued shares of the target company A Yue Shan Limited (i.e. Sale Shares A) and the outstanding loan owed by the target company A to the seller on the completion date (i.e. Sale Loan A) to the buyer A. The buyer A also agreed to purchase and take over the Sale Shares A and Sale Loan A at a total price of HKD 452 million (adjustable according to the terms and conditions of Sale and Purchase Agreement A). On the same day, the seller, buyer B (STAYBOND TRADING LIMITED), and the buyer guarantor entered into Sale and Purchase Agreement B. According to the agreement, the seller agreed to sell and transfer all the issued shares of the target company B Jia Te Property Limited (i.e. Sale Shares B) and the outstanding loan owed by the target company B to the seller on the completion date (i.e. Sale Loan B) to the buyer B. The buyer B also agreed to purchase and take over the Sale Shares B and Sale Loan B at a total price of HKD 536 million (adjustable according to the terms and conditions of Sale and Purchase Agreement B). After completion, the Company will no longer hold any equity interest in those target companies, and those target companies will no longer be subsidiaries of the Company. Therefore, the financial performance of those target companies will no longer be consolidated into the Company's financial statements. These properties were developed by the Group in 2018 and held as investment properties. The directors believe that these sales transactions provide a good opportunity for the Company to realize investments and obtain capital returns.