Century City Sells Engines in Multimillion Deal

Century City International Holdings Limited (HK:0355) has released an update.

Century City International Holdings Limited has conditionally sold two aircraft engines to Bank of America for US$10.55 million, with the transaction classified as discloseable due to its size relative to the company’s assets. The sale price was determined through arm’s length negotiations and reflects various factors, including the engines’ condition and the terms of the current lease. The agreement, subject to delivery adjustments, highlights the company’s strategic asset management.

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