HK Stock Market Move | CASABLANCA (02223) rises 50%; subsidiary intends to sell entire equity interest in Junyu International for HK$50 million; proposes special dividend of HK$0.31 per share.

CASABLANCA (02223) share price strengthened, rising 50.00% as of press time to HK$0.78, with turnover of HK$2.4066 million. On the news front, on the evening of November 6, CASABLANCA announced that after the trading session on November 6, 2026, its directly wholly-owned subsidiary Casablanca Home Holdings Limited entered into a share purchase agreement with the buyer Asset International Holdings Limited to sell the entire issued share capital of the target company Junyu International Investment Limited for a consideration of HK$50 million. The unaudited net asset value of the target group as of October 31, 2026 was approximately HK$49.521 million. The estimated net proceeds from the disposal of approximately HK$49.1 million will be used to improve working capital. The board also proposed a special dividend of HK$0.31 per share, totaling approximately HK$80 million, subject to the approval of the disposal resolution at an extraordinary general meeting.