Emperor International (00163) plans to sell Ampersand Tower in the UK for £159.2 million

Zhitong Finance App News, Emperor International (00163) announced that after the trading session on November 13, 2026, Hongbiao Group Co., Ltd., an indirect wholly-owned subsidiary of the company, plans to sell all of Emperor Ampersand General Partner S.à R.L. and Emperor Ampersand S.à r.l.'s shares and shareholder loan repayments to Northstar Ampersand Propco Limited, at a total cost of about $159.2 million British pound.

As of the date of this announcement, the target group had no other business operations other than holding the property. The property is an 8-story (including basement) freehold complex with retail stores, office properties and rental apartments, called Ampersand Tower, located at 178 Ward Street (W1F 8FY), London, England. According to the latest survey on October 1, 2025, the net internal floor area is approximately 90,799 square feet. As of July 31, 2026, the property had a carrying value of £156.5 million.

According to the announcement, the Group's investment is currently concentrated in Greater China (covering Hong Kong, Macau and mainland China), and plans to focus its resources and management efforts on properties with long-term growth potential. After regularly reviewing the portfolio's business operations, and considering recent market conditions in the UK property market, the board of directors believes that the sale is a good opportunity for the Group to monetize its investment in this property, allowing the Group to concentrate its resources more on the core market in Greater China. The net proceeds from the sale will further enhance the Group's financial position. Upon completion, it is expected that the costs associated with managing this property in the UK will be reduced, thereby further streamlining the Group's cost structure. The move will also make the company's property portfolio more in line with its strategic priorities centered around Greater China.