Renze Harvest International (HKG:1282) unit Ultra Glory Investments agreed to sell a property in Hong Kong to Grand Dahlia for around HK$46.6 million.
The commercial property, comprising Unit 1909 in Tower 2 of Lippo Centre in Hong Kong, is currently being held by the group for rental purposes, according to a Friday filing with the Hong Kong bourse.
The company plans to use proceeds from the disposal, expected to be completed by Dec. 28, to repay its existing indebtedness.
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