Gelonghui, April 16, 丨 Future World Holdings (00572.HK) announced that on April 15, 2024, the seller (a wholly-owned subsidiary of the company) entered into a sales agreement with the buyer (Mr. Lee Sai-cheung). According to this, the seller conditionally agreed to sell and cause the intercompany loan lender to transfer the benefits of the intercompany loan to the buyer, and the buyer conditionally agreed to sell shares (one share of the target company, that is, all issued shares of the target company) and the transfer of the intercompany loan at a cost of HK$38 million (subject to adjustment).
The target company (Sky Eagle Co., Ltd., an indirect wholly-owned subsidiary of the company) is mainly engaged in investment holdings. As of the date of this announcement, it is wholly owned by the seller. The target company is the legal and beneficial owner of the property, including the remaining portion of the land at No. 3250 in Kowloon and the building built on it (known as No. 20 Kwun Chung Street, Kowloon), along with the sole and exclusive right and privilege to own, use, occupy and enjoy the ground floor (including its courtyard and roof deck above the building). The property is the target company's only significant asset.