Summary by Futu AI
On July 9, 2024, CK Life Sciences announced that its indirect wholly-owned subsidiary has signed a land sale contract with the buyer for Balranald Vineyard located in New South Wales, Australia, at a transaction price of AUD 2,047,500 (approximately HKD 10.56 million). Furthermore, on the same day, the company also signed an agreement with the buyer for the sale of the Water Access License (WAL) related to Balranald Vineyard, with a total transaction amount of AUD 37,952,500 (approximately HKD 0.1958 billion). The land sale contract is expected to be completed in September 2024, while the WAL sale agreement is expected to be completed on July 12, 2024. This sale was due to a decline in grape exports, especially to China, which greatly reduced the supply and affected the...Show More