Gemini Investments to sell Manhattan land site for US$57 million

• Gemini Investments (Holdings) agreed to sell vacant land at 42 Second Avenue in Manhattan for US$57 million.
• Buyer Moundfield Village will pay US$45.25 million for the site, US$11.75 million for affordable-housing floor-area certificates.
• Closing set for on or before Dec. 15, 2026; 7% escrow deposit due within three business days, balance due at closing.
• Net proceeds estimated at about US$54.12 million; expected disposal gain about US$2.92 million based on June 30, 2026 carrying value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gemini Investments (Holdings) Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260802-12265402), on August 02, 2026, and is solely responsible for the information contained therein.