Pokfulam Development's Subsidiary to Subscribe for Class B Distribution Shares of Fund for $5 Million

MT NewswiresJan 17 21:05

POKFULAM (00225.HK) participated in the subscription of the Fund with 5 million US dollars.

Glory Holdings reported on January 17 that POKFULAM (00225.HK) announced that on January 17, 2025, the company's wholly-owned subsidiary Metroinvest (as the subscriber) signed a subscription agreement, pursuant to which Metroinvest agreed to subscribe for participating shares in the Fund with a total subscription amount of 5 million USD. It is reported that the Fund aims to seek liquid income through the direct or indirect acquisition, holding, and sale of securities in the Global Credit market, with a primary focus on direct origination of first lien priority secured loans for medium-sized companies in the USA.

Gelonghui FinanceJan 17 17:38

The apartment "Hong Kong Tower" at 63 Pokfulam sold for 5.3 million after holding for 8 years, incurring a loss of 200,000. The apartment at Blue Bay Peninsula with 3 rooms sold for 7.9 million after holding for 10 years, gaining 13%.

Ling Kin Long, the marketing manager of the West South West Branch of Lijia Real Estate, stated that the branch recently facilitated the sale of a second-hand unit in 63 Pokfulam Tower 1, lower floor C, which has a usable area of about 269 square feet, featuring one bedroom with an open kitchen. The unit has a view of the open mountain scenery. The new buyer is a professional from mainland China. The owner originally listed the property for 5.5 million yuan, but after sincere negotiations, it was finally sold for 5.3 million yuan, equivalent to about 19,703 yuan per usable square foot. It is reported that the original owner purchased the unit for about 7.305 million yuan in 2017. After holding it for 8 years, the loss on paper is 2.005 million yuan or 27.4%.

AASTOCKSJan 10 15:32

Pokfulam Development Plans AGM and Dividend Announcement

TipRanksDec 17, 2024 17:08

POKFULAM: ANNUAL REPORT 2023/2024

HKEXDec 17, 2024 16:48 · Announcements

Pokfulam Development Co. Ltd. Reveals Board Structure

TipRanksDec 11, 2024 17:16