Discloseable transaction - disposal of property
Filed with HKEX · Stock code 1172 · · 4 pages · English
Summary by 6ix AI
Magnus Concordia Group Limited has announced a discloseable transaction regarding the disposal of a commercial property located in Chengdu, China. The sale agreement was entered into with an independent purchaser, and the total consideration for the property is based on market prices. The proceeds from the sale are intended to improve the company's cash flow and will be used as working capital. The company expects to incur a loss on the disposal, reflecting the difference between the sale price and the property's fair value.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Magnus Concordia Group Limited on 6ix
Earlier from Magnus Concordia
- Supplemental announcement vacancy of auditor
- Monthly Return for Equity Issuer on Movements in Securities for the month ended 30 Sep 2026
- Poll results of the annual general meeting held on 30 September 2026 and vacancy of auditor
- Profit alert
- Date of board meeting
Later from Magnus Concordia
- Monthly Return for Equity Issuer on Movements in Securities for the month ended 31 Oct 2026
- Supplemental announcement discloseable transaction - disposal of property
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