Lai Sun Int'l (00191.HK) and Lai Fung Hold (01125.HK) jointly announced that an indirect non-wholly owned subsidiary of Lai Fung sold its operating place for a price of 32.9633 million RMB (about 35.4 million HKD).
The involved property is located at No. 90 and No. 92 Zhishui Road, Hengqin New Area, Zhuhai City, with a total construction area of 194.89 and 411.53 square meters respectively. The estimated income from the sale is about 3.75 million RMB (about 4.04 million HKD), which will be used to repay debts and as general operating capital.