Nakazawa Yutaka (01282) subsidiary plans to sell Hong Kong property for HK$46.563 million

According to Zhitong Finance App, Nakazawa Yutaka (01282) announced that on September 25, 2026, the seller Chaorong Investment Co., Ltd. (an indirect wholly-owned subsidiary of the company) signed an agreement with the buyer Grand Dahlia Limited. According to this, the seller agreed to sell and the buyer agreed to buy the property. The total cost was approximately HK$46.563 million. The property is located in Room 1909, 19th Floor, Tower 2, Lippo Centre, 89 Queensway, Hong Kong. The property is for commercial use.

The company believes that the sluggish state of the Hong Kong property market (especially in the industrial and commercial property sector) is difficult to recover in the short term. Given the current market environment, the company believes that the sale is a good opportunity to liquidate some of its assets to improve its working capital situation. The terms of the sale were agreed upon after fair negotiation and a broad search for interested buyers willing to provide a reasonable and acceptable price. The company plans to use the net proceeds from the sale to repay the Group's existing debts, thereby reducing the Group's financial costs and improving its overall financial situation, which conforms to the overall interests of the Company and all shareholders.