EMPEROR INT'L (00163) plans to sell its properties in Macau.
Emperor International (00163) announced that on August 20, 2026, the seller, (an indirect wholly-owned subsidiary of the company), has entered into an agreement with the buyer, . The seller has conditionally agreed to sell and the buyer has conditionally agreed to purchase the property for a price of HKD 106 million (with reference to the valuation of the property as of July 31, 2026, being HKD 106 million).
EMPEROR INT'L (00163) announced that on August 20, 2026, the seller, Yiyong Limited (an indirect wholly-owned subsidiary of the Company), has entered into an agreement with the buyer, JingTian Limited. The seller has conditionally agreed to sell, and the buyer has conditionally agreed to purchase the property for a consideration of HKD 106 million (based on the property valuation of HKD 106 million as of July 31, 2026).
It is understood that the property is located at 201-209 Avenida da praia de M (Xinma Road) and 1-3 Warehouse Corner (Dapeng Heng Xiang), Ground Floor A, 1st Floor A, 2nd Floor A, 3rd Floor A, and 4th Floor A, comprising a total of five commercial units.
Considering the recent market conditions of the Macau property market, the consideration of HKD 106 million is equivalent to the valuation on July 31, 2026. The Board believes that the disposal presents a good opportunity for the Group to liquidate its investment in the property. Compared to the original acquisition cost of approximately HKD 98 million, the property is being realized at a premium of approximately 8.2%. Based on the propertys book value of HKD 120 million as of March 31, 2026 (the last financial year-end), the Group expects to incur a fair value loss of approximately HKD 14 million, subject to the final review by the Company's auditors.
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