SEA HOLDINGS Subsidiary Agrees to HK$200 Million Sale of Hong Kong Property

Stock News

Jul 09

SEA HOLDINGS (ASX: 00251) has announced that on July 9, 2026, its indirect wholly-owned subsidiary, Aerial King International Limited, entered into an agreement with buyer Ms. Chen Lihong for the sale of a property located at No. 1 Shouson Hill Road East, Hong Kong.

The total cash consideration for the transaction is HK$200 million. Following an assessment of the current conditions in the Hong Kong property market, the company's board of directors believes the sale presents an opportunity to realize the investment in this asset, thereby generating additional cash flow for the group and enhancing its financial flexibility.

The proceeds from the sale are intended to be used for general working capital purposes and to support the company's future development initiatives.

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