Zhitong Finance App News, Hong Kong Communications International Holdings (00248) announced that the seller Hong Kong Communications Investment Co., Ltd. (a subsidiary wholly owned by the Company) entered into an interim contract with the buyer Multiplex Glory Limited on August 21, 2026. According to this, the seller agreed to sell and the buyer agreed to purchase the property at a cost of HK$10.38 million, subject to and in accordance with the terms of the provisional agreement.

The property is Flat B7, 8th Floor, Block B, Hong Kong Industrial Centre, 489-491 Castle Peak Road, Kowloon, Hong Kong. The useful area is about 2,860 square feet.

The directors believe that this is a good opportunity for the Group to sell the property, which can be used to settle bank loans, reduce the balance to liability ratio and related interest expenses, consolidate its financial situation and believe that the terms of the sale are fair and reasonable, and conform to the overall interests of the Company's shareholders.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.