Brief: Scorching Dragon Enforcement Obtained Land Search Report In Respect Of Property

Scorching Dragon Holdings

22/09/2026 17:17

Sept 22 (Reuters) - Scorching Dragon 8493.HK:
ENFORCEMENT DISPOSAL OF A PROPERTY HELD BY GROUP
ON 18 SEPTEMBER OBTAINED LAND SEARCH REPORT IN RESPECT OF PROPERTY
BECAME AWARE HANG SENG BANK ENFORCED SECURITY OVER PROPERTY BY DISPOSING OF IT ON 5 MARCH
ACCORDING TO LAND SEARCH REPORT, PROPERTY SOLD AT PRICE OF HK$24.4 MILLION
EXPECTED THAT GROUP WOULD NOT BE ABLE TO RECOVER ANY AMOUNT FROM SALE PROCEEDS OF HK$24.4 MILLION
ENFORCEMENT DISPOSAL DISCHARGED MAJORITY PART OF REPAYMENT OBLIGATION UNDER PIL LOAN AND GP LOANS
ENFORCEMENT DISPOSAL HAS NO MATERIAL IMPACT ON GROUP'S BUSINESS OPERATIONS.
CURRENTLY SEEKING ADVICE
Further company coverage: 8493.HK

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