Hua Lien International (Holding) Co. Ltd. has shared an announcement.
Through its 70% owned indirect subsidiary, Pan-Caribbean Sugar Company Limited, it has entered into a Sale and Purchase Agreement to dispose of a property located at Bernard Lodge Sugar Factory in Jamaica. The property, which has been assessed as having no commercial value, will be sold for US$2,550,000 to AYD Construction Limited, a company engaged in construction activities in Jamaica.
This transaction is classified as a disclosable transaction under the Listing Rules, requiring notification and announcement due to the applicable percentage ratios exceeding 5%.
