C C Land (01224.HK): Proposed Acquisition of 25% Equity Interest in Target Joint Venture at Consideration of Approximately HK$251 Million

NewTimeSpace News: On 17 July 2026, C C Land (01224.HK) issued an announcement stating that its wholly-owned subsidiary has entered into a sale and purchase agreement with Roman Eagles to acquire a 25% equity interest in the target joint venture and assume the corresponding shareholder’s loan of approximately HK$236 million, with an estimated aggregate consideration of around HK$251 million.

The target company indirectly holds an industrial property in Yuen Long, which is planned to be redeveloped into a residential project with a total gross floor area of about 484,935 square feet.

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