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00179 JOHNSON ELEC H
RTNominal up10.940 +0.440 (+4.190%)
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30/07/2019 10:42

Johnson Elec (00179) to sell Chai Wan property at HK$948m

[ET Net News Agency, 30 July 2019] Johnson Electric Holdings Limited (00179) said two
wholly-owned subsidiaries of the Company (the vendors) entered into a provisional
agreement with Fortune Creation Developments Limited (the purchaser) for the disposal of
the entire issued share capital of Harbour Sky (BVI) Ltd. (the target company) and the
sale and assignment of a sale loan to the purchaser at the consideration of HK$948
million, subject to adjustment.
The target company is the owner of a commercial property held for investment purposes at
14-16 Lee Chung Street, Chai Wan, Hong Kong. (RC)

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