Veeko International Holdings Limited (Veeko Int’l) has agreed to dispose of three industrial floors in Shantou, Guangdong, for RMB 25.15 million (approximately HK$27.95 million). The buyer, Shantou Hexingqiang Apparel Company Limited, is an independent third party.

The asset comprises the 9th, 10th and 11th floors of Wei Gao Building, offering a combined gross floor area of 8,384.34 sq m. Jones Lang LaSalle valued the property at RMB 27.90 million as at 31 January 2026. Despite the 9.86% discount to valuation, Veeko Int’l expects to record a disposal gain of about RMB 8.22 million (HK$9.13 million) against a book value of RMB 11.02 million.

Payment terms: 1. 30% (RMB 7.55 million) paid on signing, including a 20% deposit. 2. 30.24% (RMB 7.61 million) paid on 10 March 2026. 3. Remaining RMB 10.00 million due within 30 days after title transfer.

Completion is targeted on or before 12 August 2026, with all precedent conditions— including written approval from controlling shareholder Silver Crown (55.34% stake)—already met. No extraordinary general meeting is required under Listing Rule 14.44.

The property generated rental revenue of RMB 0.37 million and net profit after tax of RMB 0.25 million in each of the fiscal years ended 31 March 2024 and 2025. Net proceeds will be used as general working capital to strengthen the Group’s liquidity position.

Classified as a “major transaction” under Chapter 14 of the Hong Kong Listing Rules, the deal exceeds the 25% asset ratio threshold but remains below 75%.

As of 31 January 2026, Veeko Int’l carried total borrowings of HK$579.22 million and lease liabilities of HK$74.09 million; management states that post-disposal liquidity, existing facilities and planned cost controls will provide sufficient working capital for at least the next 12 months.