Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Media Chinese International Ltd ( (HK:0685) ) has shared an announcement.
Media Chinese International Limited has agreed to dispose of a property in Canada through its indirect wholly owned subsidiary, selling the asset to an independent purchaser for CAD9.9 million, equivalent to about USD7.15 million or RM28.65 million. The price was set after arm’s length negotiations, benchmarking the original purchase cost, the property’s location and size, and comparable market values in the surrounding area.
The disposal qualifies as a discloseable transaction under both Hong Kong Listing Rules and Bursa Malaysia’s Main Market Listing Requirements, as the relevant percentage ratios exceed 5% but remain below 25%. As a result, the deal triggers notification and announcement obligations, underscoring that the transaction is material to the group’s asset base and may form part of a broader effort to optimise its property portfolio and capital allocation.
More about Media Chinese International Ltd
Media Chinese International Limited is a Bermuda-incorporated media group listed in Hong Kong and Malaysia, with operations spanning Chinese-language content and related media businesses. The company manages its assets across multiple markets, including North America, and holds investment properties that can be monetised to support its broader corporate and financial strategy.
Average Trading Volume: 26,454
Technical Sentiment Signal: Hold
Current Market Cap: HK$273.9M
For detailed information about 0685 stock, go to TipRanks’ Stock Analysis page.