Mainboard-listed The Place Holdings has entered into a sale and purchase agreement (SPA) with New Lanwa International Trading Limited for the disposal of 420,980 ordinary shares in the share capital of The Place Yuntai Investment.

The disposal represents 1.5% of the total issued and paid share capital of The Place Yuntai Investment for a total consideration of HK$25 million ($4.3 million).

The consideration values The Place Holdings’ Mount Yuntai project at approximately $289 million with a land size of around 270,500.64 sqm.

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