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Chevalier International Subsidiary Sells Senior Care Facility in Portland
CHEVALIER INT'L (00025.HK) sells USA Retirement Assets involving 35 million USD.
CHEVALIER INT'L (00025.HK) announced that its indirect wholly-owned subsidiary OR4 Laurelhurst has sold transferred assets to the USA Retirement home operator SE Stark for a total consideration of 35 million USD (approximately 0.273 billion HKD), with expected revenue of about 13.32 million USD (approximately 0.104 billion HKD). The net proceeds from the sale are intended for the group's general operating funds. The transferred assets include Laurelhurst Village, 3060 SE Stark St., Portland, OR 97214.
CHEVALIER INT'L (00025.HK) has reached an asset sale agreement with SE Stark for a total price of 35 million USD, involving real estate and multiple facilities.
On December 11, Gelonghui reported that CHEVALIER INT'L (00025.HK) announced that on December 10, 2024, OR4 Laurelhurst (a wholly-owned subsidiary indirectly owned by the company) entered into an asset purchase agreement with SE Stark, whereby OR4 Laurelhurst has agreed to sell and SE Stark has agreed to purchase the transferred assets, with a total price of 35 million US dollars (approximately HKD 0.273 billion). The transferred assets include (among other things) (a) Laurelhurst.
CHEVALIER INT‘L (00025) intends to sell Assets such as USA elderly care facilities and related properties for 35 million USD.
CHEVALIER INT'L (00025) announced that on December 10, 2024...
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