[ET Net News Agency, 6 January 2020] Kingboard Holdings Limited (00148) said its
subsidiary Golden Concept Development Limited has agreed to sell a property under The
Cavaridge Project.
The Cavaridge Project is a luxury residential property development project located in
Kau To, Shatin, New Territories consisting of 48 apartments and 56 houses. The project has
launched its sales in November 2019.
Upon completion of the sale, the group is expected to record from the sale a gain of
approximately HK$13.6 million (before tax and subject to audit) included in the gross
profit. (RC)