Rykadan Capital Delays Circular Dispatch for Property Disposal

MT Newswires Live

01-15

Rykadan Capital (HKG:2288) delayed the dispatch of a circular regarding the disposal of two floors of Rykadan Capital Tower and certain car parking spaces in Kowloon, Hong Kong, to March 27, 2025, a Tuesday Hong Kong bourse filing said.

The move comes as the asset manager needs additional time to finalize certain information to be included in the circular, it said.

Two units of the company agreed to sell the properties to German Pool (Hong Kong) for HK$163.5 million in December 2024.

Shares of the company were down nearly 5% in recent trade.

Price (HKD): $0.12, Change: $-0.0060, Percent Change: -4.65%

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