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Regal Hotels International Holdings Limited ( (HK:0078) ) just unveiled an update.
Regal Hotels International, together with its affiliates Century City International and Paliburg Holdings, has completed the disposal of subsidiaries that own the Regal Oriental Hotel, with the transaction closing on 30 April 2026 after shareholder approvals and an internal reorganisation. Following completion, the disposed entities are no longer consolidated into the groups’ financial statements, marking a shift in their hotel asset base and balance sheet composition.
The buyer paid a total of about HK$1.37 billion at completion, including settlement of the Rich Day Loan, bringing total net proceeds and loan repayment amounts tied to the deal to roughly HK$1.50 billion. Around HK$1.05 billion has already been applied to partially repay existing facilities, while the remaining funds will support asset enhancement projects and general working capital for the Regal REIT Group, with a final price adjustment still to come based on completion accounts.
More about Regal Hotels International Holdings Limited
Regal Hotels International Holdings Limited operates in the hospitality and hotel management industry, with a portfolio of properties in Hong Kong held partly through its associated Regal REIT Group. The group focuses on owning, operating and enhancing hotel assets, and uses capital recycling and asset disposals to manage leverage and fund refurbishment and growth initiatives in a competitive regional lodging market.
Average Trading Volume: 281,554
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$494.3M
For an in-depth examination of 0078 stock, go to TipRanks’ Overview page.