REGAL INT'L (00078) announced that on August 29, 2024, the seller...
According to the Zhitong Finance APP, REGAL INT'L (00078) announced that on August 29, 2024, the seller (a wholly-owned subsidiary of a wealthy company) and the buyer Bank of America, N.A. entered into a sales agreement, with the seller conditionally agreeing to sell, and the buyer conditionally agreeing to purchase aircraft engines (2 sets of V2527M-A5 aircraft engines), with a total purchase price of 10.55 million USD (equivalent to about 82.29 million Hong Kong dollars) (subject to adjustment after delivery of the aircraft engines).
Directors of Century City, directors of Prolific Insurance, and directors of the wealthy believe that the sale is a good opportunity to realize the value of the aircraft engines at a reasonable price. The wealthy group intends to use all proceeds from the sale as general working capital for the wealthy group.