2 stories mentioning HKG:0355Updated 40d ago
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Century City (HKG:0355), Paliburg (HKG:0617), and Regal (HKG:0078) completed the sale of Regal Oriental Hotel, the companies said in a joint Hong Kong bourse filing Thursday.Shares of Century City gained 1% on Monday, with Paliburg and Regal little changed.The firms had agreed to dispose of the Regal Oriental Hotel at a property value of HK$1.52 billion to a Centaline Strategic Investments joint venture.
Century City (HKG:0355), Paliburg (HKG:0617), and Regal (HKG:0078) said they transferred the sale agreement involving the disposal of Regal Oriental Hotel to a Centaline Strategic Investments joint venture, according to a Hong Kong bourse filing Friday.Shares of Paliburg fell over 2% in morning trade on Monday, while Century City was up 1%.The firms had agreed to dispose of Regal Oriental Hotel at a property value of HK$1.52 billion, but said they could not reach a formal agreement with the purchaser, previously identified as Blue Sky Properties, an investment vehicle ultimately owned by Centaline Strategic Investments.Instead, the firms will now sell the property to Goldenridge Worldwide, a joint venture of Centaline and investor Liu De Ye, Ching.All other terms of the original sale agreement remain unchanged, the firms said.
