New World Development (HKG:0017) unit Orient Sea Investments agreed to sell two properties to Ip Mei-Hing, Katherine, for a total of about HK$14.9 million, a Tuesday bourse filing said.
Ip Mei-Hing, Katherine, is the spouse of Cheng Kar-Shun, Henry, chairman and an executive director of the property developer.
The properties comprise two flats at the STATE PAVILIA project at 283 King's Road in North Point, Hong Kong.
The company will use proceeds from the sale for general working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.