Brief: Swire Pacific Announces Sale Of Certain Office Floors Of One Island East

Swire Properties

17/11/2023 09:51

Nov 17 (Reuters) - Swire Pacific Ltd  0019.HK :
    * SALE OF CERTAIN OFFICE FLOORS OF ONE ISLAND EAST
    * DEAL FOR TOTAL CASH CONSIDERATION OF HK$5.4 BILLION
    * UNIT OF SWIRE PROPERTIES AND SECURITIES AND FUTURES
COMMISSION
ENTERED DEAL
    * SEES OVER SEVERAL FINANCIAL YRS TOTAL ESTIMATED LOSS OF
HK$25
MILLION OR TOTAL ESTIMATED GAIN OF HK$3,577 MILLION FROM
DISPOSAL
    * SWIRE PROPERTIES IS EXPECTED TO RECORD, OVER SEVERAL
FINANCIAL
YEARS A TOTAL ESTIMATED LOSS OF ABOUT HK$31 MILLION FROM
DISPOSAL

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