National Electronics (HKG:0213) subsidiary National Properties Holdings agreed to sell Sonic Run Investments to Native Land Investment for 4 million pounds sterling.
The target company has equity interests in NLGS, an investment vehicle formed to provide funding to a UK-based real estate investment trust that acquired a London property in 2021.
The property is currently being redeveloped into a new residential site, with completion expected in late 2025.
The watch manufacturer plans to use the disposal proceeds for working capital, according to a Tuesday filing with the Hong Kong Exchange.
The stock was down over 6% in recent trade.
Price (HKD): $0.60, Change: $-0.040, Percent Change: -6.25%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。