RENZE HARVEST Subsidiary to Dispose of Hong Kong Property for HK$52.8 Million

Stock News03-08

RENZE HARVEST (01282) announced that on March 6, 2026, the seller, Ace Grand Limited (an indirect wholly-owned subsidiary of the company), entered into agreements with the buyer, TechTone Limited. Under the agreements, the seller agreed to sell and the buyer agreed to purchase the properties, which include Unit B on the 15th Floor of Serenade, 4 Kennedy Road, Hong Kong, and Parking Space P1 in the Basement 4 of the same building. The total consideration for the transaction is HK$52.8 million. Considering the group's current financial condition, future liquidity requirements, and the outlook for the Hong Kong property market, the directors believe the disposal presents an opportunity for the company to realize the value of the properties at a reasonable price. The proceeds from the sale are expected to improve the group's financial position and augment its general working capital.

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