Brief: Lai Sun Development To Sell Its Interest In 3 Connaught Road Central
09/12/2025 14:33
Dec 9 (Reuters) - Lai Sun Development Co Ltd 0488.HK: TO SELL ITS INTEREST IN 3 CONNAUGHT ROAD CENTRAL FOR TRANSACTION VALUE HK$3.498 BILLION NET PROCEEDS FROM SALE (AFTER REPAYMENT OF RELEVANT LOANS) ESTIMATED TO BE ABOUT HK$2.4 BILLION TRANSFORMATION INTERNATIONAL TO SELL STAKE TO JASMINE INVESTMENT DEVELOPMENT IV PARENT CO EXPECTED TO RECORD LOSS ON DISPOSAL OF HK$269 MILLION AND CO EXPECTED TO RECORD LOSS ON DISPOSAL OF HK$261 MILLION Further company coverage: 0488.HK ((Reuters.Briefs@thomsonreuters.com;))
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