HKR International to Sell Two Property-Holding Subsidiaries for HK$988 Million

HKR International Limited ( (HK:0480) ) has issued an announcement.

HKR International Limited has agreed to dispose of its entire interests in two subsidiaries, Target Company A and Target Company B, for a combined consideration of HK$988 million, comprising the sale of all issued shares and shareholder loans related to the entities. The subsidiaries directly own property and vehicle assets, and upon completion they will cease to be consolidated into HKR’s financial statements, marking a sizable portfolio rebalancing move classified as a major transaction under Hong Kong listing rules. The disposals, already approved by the company’s major shareholders through written consents, eliminate the need for a general meeting and underscore HKR’s active balance-sheet management, although completion remains subject to customary conditions and investors are cautioned that the transactions may or may not ultimately close.

The most recent analyst rating on (HK:0480) stock is a Buy with a HK$1.35 price target. To see the full list of analyst forecasts on HKR International Limited stock, see the HK:0480 Stock Forecast page.

More about HKR International Limited

HKR International Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong. The group operates through various subsidiaries and holds significant property-related assets via these entities, reflecting a focus on real estate investment and development within the region.

YTD Price Performance: 15.91%

Average Trading Volume: 602,129

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.52B

Learn more about 0480 stock on TipRanks’ Stock Analysis page.