China Aoyuan (03883.HK): Receiver sells properties

Zhitong Finance APP News, China Aoyuan (03883.HK) announced that, in relation to the appointment of Huo Xiyu and Zhou Weicheng of FTI Consulting (Hong Kong) Limited as joint and several receivers and managers, the Company was informed by the Receivers on September 30, 2026 that the subsidiary (acting by the Receivers as its agents as joint and several receivers and managers of all and every part of Kwai Chung Town Lot No. 46 (the Lot) and the 12-storey building erected thereon (the Property), but without personal liability) and an indirect wholly-owned subsidiary of Grand Ocean Global Holdings Limited (09876.HK) entered into a provisional agreement on September 29, 2026 for the sale of the Property for a cash consideration of HK$150 million. Based on publicly available information, the purchaser is an independent third party and is not connected with the Company or its connected persons.