PCPD to sell Pacific Century Place Jakarta stake for USD 400 million

Reuters03-16

PCPD to sell Pacific Century Place Jakarta stake for USD 400 million

PCPD agreed to sell its entire equity interest in Pacific Century Place, Jakarta by selling all shares of the target company and assigning a shareholder loan to Palace APAC New Infrastructure Investment GP. The total consideration is USD 400 million, subject to completion account adjustments, and will be paid in cash at completion. The buyer’s rights and obligations are expected to be novated to a newly formed fund for which the buyer will act as general partner. PCPD expects to record a loss on disposal of up to HKD 117 million, before release of exchange reserve.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PCPD - Pacific Century Premium Developments Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260316-12052409), on March 15, 2026, and is solely responsible for the information contained therein.

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