Brief: Soundwill Holdings Says Possible Disposal In Relation To Auction Of Haven Court
02/04/2024 16:23
April 2 (Reuters) - Soundwill Holdings Ltd 0878.HK :
* MANDATE FOR POSSIBLE VERY SUBSTANTIAL DISPOSAL IN RELATION
TO
AUCTION OF HAVEN COURT
* LANDS TRIBUNAL DETERMINED RESERVE PRICE AT HK$2.425
BILLION
UNDER SALE ORDER
* THROUGH UNITS OWNS 88.79% OF EQUAL UNDIVIDED SHARES OF
HAVEN
COURT PROPERTIES
* CONSIDERATION FOR POSSIBLE DISCLOSEABLE DISPOSAL OF ABOUT
HK$278.8 MILLION
* IF SUCCESSFUL BIDDER AT AUCTION IS INDEPENDENT 3RD PARTY,
CO
OBLIGED TO SELL VIA AUCTION ITS ENTIRE STAKE IN HAVEN COURT
PROPERTIES
Further company coverage: 0878.HK
((Reuters.Briefs@thomsonreuters.com;))
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