Regal Hotels Sells Aircraft Engines for $10.55M

Regal Hotels International Holdings Limited (HK:0078) has released an update.

Regal Hotels International Holdings Limited has announced a sales agreement with Bank of America for the disposal of two aircraft engines for US$10.55 million. The transaction, which is subject to certain adjustments, falls within the disclosure requirements of the Hong Kong Stock Exchange due to its size. The sale price was determined via private tenders and reflects the engines’ value based on age, model, condition, and lease terms.

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