China Zenith Chemical Group's (HKG:0362) subsidiary Success Eagle Investment sold a duplex flat in Hong Kong to Chan Hong Sang and Yang Yufeng for HK$72 million on Tuesday, a Friday filing with the Hong Kong Exchange said.
The property comprises a duplex flat B on the 8th and 9th floor of tower 1 of South Bay Palace, situated at No 25 South Bay Close, Repulse Bay.
The property also includes a rooftop and two car parking spaces on the ground floor. The flat has a saleable area of 270.72 square meters while the rooftop has 371.52 square meters in saleable area.
The group plans to use HK$63.5 million of the net proceeds for the repayment of bank loans and other payables and the remaining for general working capital.
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