Housing International Sells Three Zhulin Yuan Units to Independent Non-Executive Directors for HK$126.28M on July 3

Housing International announced on July 3 that it sold three residential units at Zhulin Yuan to related parties. The company sold one unit with a usable area of approximately 1,451 square feet to the spouse of independent non-executive director Zhong Haoyi for HK$36.33 million; another unit measuring approximately 1,503 square feet to a company equally held by Zhong's son and daughter-in-law for HK$37.70 million; and a third unit of approximately 2,084 square feet to independent non-executive director Wang Jingying for HK$52.25 million. The sales are expected to generate total proceeds of approximately HK$32.7 million for Housing International, with net proceeds to be used for general working capital.
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