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CENTURY LEGEND (00079.HK) reduced its shareholding in Link REIT (00823.HK) and realized 2.06 million yuan.
CENTURY LEGEND (00079.HK) announced that from April 14 to 17, it sold a total of 0.06 million fund units of Link REIT (00823.HK) in the market, at an average price of 34.325 yuan per unit, with total proceeds of approximately 2.06 million yuan. The estimated confirmed loss is about 0.125 million yuan. After the sale, the group Hold approximately 0.7861 million fund units of Link REIT.
CENTURY LEGEND (00079.HK) sold a total of 0.06 million units of LINK REIT.
Gelonghui, April 23, CENTURY LEGEND (00079.HK) announced that from April 14 to 17, 2025, the company will sell a total of 60,000 units of LINK REIT through its wholly-owned subsidiary in the market, at an average selling price of approximately HKD 34.325 per LINK REIT unit, generating total proceeds of HKD 2,059,500 (excluding trading costs). After the sale, the group will hold 786,117 LINK REIT units.
Watsons Group has fully upgraded its member rewards program "Yishangqian" and is collaborating with over 200 merchants.
The member reward program "MoneyBack" under the Watsons Group has announced a comprehensive upgrade. The group's Chief Executive Officer for Retail in Hong Kong, Annie Kwan, stated that MoneyBack is no longer just a membership program; it has partnered with over 200 brands to offer member rewards, cross-merchant discounts, and points refunds, covering ten categories of merchants including Dining, Travel, Health and Beauty, Fashion, Entertainment, Insurance, Telecommunications, and Education, such as Café de Coral (00341.HK) online store, UNIQLO, Ten Ren's Tea, Link REIT (00823.HK), and 3 Hong Kong. MoneyBack also launched the "Neighborhood Friend Rewards".
Link REIT Manager Completes Installation of Solar Power Systems
Link REIT (00823.HK) operates CECEP Solar Energy facilities generating 4.2 million kilowatt-hours of electricity annually.
Link Real Estate (00823.HK) manager Link Asset Management announced that with the completion of the solar panel installation project at Sha Tin Mei Foo Shopping Mall last month, the group's entire installation plan has been completed. Currently, Link has a total of 58 solar power systems installed across its 53 properties, with nearly 8,500 solar panels and a total installed capacity of 4,500 kilowatts, expected to produce approximately 4.2 million kilowatt-hours of electricity per year, which is equivalent to the annual electricity consumption of 1,273 three-person households. Among them, Tung Chung Fu Tung Plaza has the largest solar power system in the entire project, with a total of 950 solar panels and an installed capacity of 530 kilowatts.
Citi's investment rating and target price for local properties and House Rental Companies (table)
Citi released a research report, detailing the investment ratings and Target Prices for property and House Rental Companies as follows: Stock | Investment Rating | Target Price (HKD) WHARF HOLDINGS (00004.HK) | Sell | 18.8 HKD HENDERSON LAND (00012.HK) | Buy | 25.6 HKD HYSAN DEV (00014.HK) | Buy | 14 HKD SHK PPT (00016.HK) | Buy | 88.8 HKD NEW WORLD DEV (00017.HK) | Sell | 4 HKD SINO LAND (00083.HK) | Buy