The Board of the Company is pleased to announce that on 23 August 2019, the Purchaser (an indirect wholly-owned subsidiary of the Company) entered into the Sale and Purchase Agreement with the Vendor, pursuant to which the Purchaser agreed to acquire and the Vendor agreed to sell a piece of land in Sepang, Selangor, Malaysia (the “Land”) at the Consideration of RM66,500,000.00 (equivalent to approximately HK$124,438,125.00).

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