Glonway July 3rd 丨Daling Group (00211.HK) announced that with regard to the proposed sale of Hong Kong's Saigon property for HK$3,000, all prerequisites for the sale have been met and completed on June 30, 2023. After completion, the Group no longer holds any interest in the target company. As a result, the target company will no longer be a subsidiary of the company, and its financial results will no longer be consolidated in the Group's financial statements.

The Board believes that the net proceeds of the sale of approximately HK$1,800 will further strengthen the Group's cash flow and allow the Group to reallocate its resources to other business development opportunities, bringing better returns to shareholders.