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Glory Sun Financial Group Announces Property Disposal

Story Highlights
  • Glory Sun Financial Group is selling a commercial property in Hong Kong for HK$35,854,000.
  • The transaction is a discloseable one under Listing Rules, with specific terms for completion and non-performance.
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Glory Sun Financial Group Announces Property Disposal

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Glory Sun Financial Group Limited ( (HK:1282) ) has issued an update.

Glory Sun Financial Group Limited has announced a discloseable transaction involving the sale of a commercial property located at Unit 1907, 19/F, Tower 2, Lippo Centre, No. 89 Queensway, Hong Kong. The property, currently self-occupied by the company, is being sold to Kaizhong Commutator Limited for HK$35,854,000. The transaction is considered a discloseable transaction under the Listing Rules due to its size, and it involves specific payment terms and conditions for completion. The agreement outlines the consequences for both parties in case of non-performance, with the property being sold on an ‘as is’ basis.

More about Glory Sun Financial Group Limited

Average Trading Volume: 3,916,648

Technical Sentiment Signal: Hold

Current Market Cap: HK$434.2M

For detailed information about 1282 stock, go to TipRanks’ Stock Analysis page.

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