Excellence Commercial Property & Facilities Management Group Limited (HK:6989) has released an update.
Excellence Commercial Property & Facilities Management Group Limited has successfully concluded 11 agreements for transferring rights to use various parking spaces, with a mix of cash payments and offsets against trade receivables owed by Excellence Group. These deals follow the approval of a Framework Agreement by Independent Shareholders at the extraordinary general meeting. The transactions are part of the company’s strategic initiatives to optimize its asset portfolio and strengthen its financial position.
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