Asia
Smart Fish Wealthlink Unit to Buy China Property in Debt Offset Deal
Smart Fish Wealthlink (HKG:0139) unit Daqi Culture (Shenzhen) agreed to acquire a property in China from Qingdao Lushang Jinxiu Real Estates for 25.5 million yuan, according to a Friday Hong Kong bourse filing.The consideration will be set off against part of a nearly HK$33.7 million amount owed by merchants Hon Hak Ka and Ai Qing to Top Billion Finance, another subsidiary of the company, on a dollar-to-dollar basis.Daqi Culture plans to lease out the property, comprising 170 car park spaces in the basement of a property project in Shandong Province, China, following completion.
HKG:0139
