Sino Land (02088.HK): The receiver did not enter into any legally binding agreements regarding the sale of pledged shares.

Financial News from Wisdom Financial APP, Xi Wang Properties (02088.HK) announced that as of the date of this announcement, after conducting all reasonable inquiries with the receiver, it is understood that the receiver has not entered into any legally binding agreements regarding the sale of pledged shares. The company is unaware of any progress regarding the sale of pledged shares by the receiver. The company has not been informed that the receiver is in talks with potential buyers regarding the pledged shares, and any past discussions have not resulted in any legally binding agreements. Therefore, the company believes it is unlikely to receive an offer for the pledged shares in the near future. The offer period has already been close to two years since August 4, 2023, and the company has never been informed by the receiver that any memoranda of understanding, letters of intent, or legally binding agreements have been signed with any investors. Therefore, the company believes it will not receive a sincere offer in the near future.