K2 F&B Holdings Limited (HK:2108) has released an update.
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K2 F&B Holdings Limited has announced the sale of a property to Favor Asset Management Pte Ltd for S$1,995,000, which is subject to the regulations and market conditions stated in the Option Agreement. This transaction is considered discloseable as it falls between 5% and 25% of the applicable percentage ratios, requiring the company to adhere to specific reporting and announcement rules under the Listing Rules. The deal was concluded after arm’s length negotiations, taking into account the property’s net asset value, market price, and location.
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