ITC Properties cites HK$1.7 billion valuation for PYI Investment stake acquisition

• ITC Properties issued a supplemental clarification on its July 2 deal to buy 20% of PYI Investment from Profit Tycoon.
• Independent asset-based valuation put PYI Investment at HK$1.7 billion as of March 31, 2026, driven by land-use rights revaluation at Jiangsu Yangtong.
• Jiangsu Yangtong’s appraised equity value rose to RMB 2.09 billion from a book value of RMB 365.09 million, mainly from land-use rights.
• The disposal of ITC Finance is expected to generate an unaudited loss of about HK$115,000, based on transaction expenses.
• PYI Investment’s planned AI computing center remains at an early exploration stage with no final capex plan; funding is expected to be mainly project-level external financing.

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. ITC Properties Group 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-20260731-12265022), on July 31, 2026, and is solely responsible for the information contained therein.