OCT (ASIA) (03366.HK): Plans open listing sale of 100% equity in OCT (Changshu) Investment, potential disposal expected to constitute a major transaction

NewTimeSpace News: On 7 September 2026, Overseas Chinese Town (Asia) Holdings Limited (stock code: 03366) issued an inside information announcement stating that the group intends to dispose of the entire 100% equity interest in OCT (Changshu) Investment Development Co., Ltd., an indirect wholly-owned subsidiary, through an open listing process on a designated exchange. As the seller is a state-controlled enterprise, the potential disposal, if materialized, will be subject to an open listing process through a qualified equity trading institution, with the preliminary information disclosure to be published on the website of the designated exchange, Beijing Equity Exchange.

OCT (Changshu) Investment is principally engaged in industrial park operation and leasing, with a registered capital of RMB 73 million that has been fully paid up. Based on selected financial information prepared under PRC GAAP, the company recorded revenue of RMB 3.24 million and net profit of RMB 0.37 million in the first half of 2026, with total assets of RMB 80.81 million and total liabilities of RMB 6.96 million as of 30 June 2026 (revenue of RMB 11.30 million and net profit of RMB 3.28 million for FY2025; revenue of RMB 7.59 million and net profit of RMB 1.23 million for FY2024).

The potential disposal, if materialized, is currently expected to constitute a major transaction under Chapter 14 of the Listing Rules, subject to the satisfaction of certain conditions precedent, including the company obtaining the required shareholders' approval. The company stated that the disposal is in line with its strategy of optimizing its business structure and concentrating resources on its core businesses, and that the proceeds would supplement the group's working capital and enhance its financial flexibility. The company emphasized that the potential disposal is only at the preliminary information disclosure stage, does not constitute any legally binding obligation, is independent of and not conditional upon the potential disposal of OCT (Changshu) Industrial Development Co., Ltd. referred to in the company's announcement of the same date, and there is no assurance that any final transaction will materialize.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.