CK Life Sciences Sells Australian Vineyard

CK Life Sciences International (Holdings), Inc. (HK:0775) has released an update.

CK Life Sciences International has announced the sale of the Balranald Vineyard in New South Wales, Australia, for AUD 2,047,500 and related water access licenses for AUD 37,952,500. The vineyard sale is part of the company’s strategy to mitigate risks amid industry challenges, including an oversupply of grapes and reduced exports to China. The transactions are in line with the company’s interests and comply with the applicable listing rules, requiring no shareholder approval.

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