Rykadan Capital intends to acquire a 100% stake in a real estate holding company.

Rykadan Capital (02288) issued an announcement on July 23, 2024 that RH buyer Worth Celestial Limited (a wholly-owned subsidiary of the company) and RH seller entered into an RH Property Company Agreement. The RH seller has conditionally agreed to sell the RH sale shares, and RH seller 1 has conditionally agreed to transfer the RH sale loans. The RH buyer has conditionally agreed to purchase the RH sale shares and accept the transfer of the RH sale loans without any property burden, at an initial price of HKD 56.0842 million, in accordance with the terms of the RH Property Company Agreement.

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