CCT Fortis Holdings Announces Major Property Disposal: Key Details for Investors
Highlights of the Transaction
- Major Disposal: CCT Fortis Holdings Limited (Stock Code: 00138) has announced a major transaction involving the disposal of a significant property asset.
- Property Sold: The asset disposed is Unit Nos. 01,02,03,05,06,07,08,09 & 10 on the 18th Floor of CCT Telecom Building, No. 11 Wo Shing Street, Shatin, New Territories, Hong Kong.
- Buyer: Trimworld Limited, an independent third party, will acquire the property.
- Consideration: The agreed sale price is HK\$42,450,000, payable in cash.
- Date of Agreement: The provisional sale and purchase agreement was signed on 22 May 2026, with the formal agreement to be signed on or before 5 June 2026.
- Completion: The transaction is scheduled to complete on or before 31 July 2026.
Shareholder Impact and Price-Sensitive Information
- Major Loss on Disposal: The property had an audited carrying value of HK\$68,300,000 as of 31 December 2025. With the sale price and estimated related expenses of approximately HK\$580,000, the Group expects to record an unaudited loss of about HK\$26,430,000 for the year ending 31 December 2026. This is a material loss that may affect the company’s earnings and could potentially impact the share price.
- Use of Proceeds: The net proceeds (approximately HK\$41,870,000) will be used solely to repay the outstanding mortgage loan on the property in full, improving the Group’s financial position and cash flow, but not resulting in free cash for new investments or dividends in the near term.
- Shareholder Approval: As the disposal constitutes a major transaction under Chapter 14 of the Hong Kong Listing Rules (applicable percentage ratios exceed 25% but are less than 75%), it requires shareholder approval. However, written approval from a closely allied group of shareholders holding about 74.98% of issued shares (Mr. Mak, Capital Force, New Capital, and Capital Winner) has been obtained, so no general meeting will be convened.
- Vacancy and Strategy: The property has been vacant since September 2023, following the relocation of the Group’s office. The disposal is part of the company’s strategy to realize non-core assets for financial flexibility.
Detailed Transaction Terms
- Payment Schedule:
- Initial deposit: HK\$1,230,000 paid upon signing the provisional agreement
- Further deposit: HK\$2,870,000 upon signing the formal agreement
- Balance: HK\$38,350,000 upon completion
- No Conditions: The disposal is unconditional; completion will proceed as agreed.
- Background of Parties:
- The vendor, Goldbay Investments Limited, is a wholly-owned subsidiary of CCT Fortis, primarily engaged in property investment.
- The purchaser, Trimworld Limited, is an independent investment holding company.
Share Structure and Control
- The approving shareholders are a closely allied group led by Mr. Mak Shiu Tong, Clement (Chairman and controlling shareholder), together holding approximately 74.98% of the company’s issued shares. Their shareholdings are broken down as follows:
- Mr. Mak: 2,558,965 shares (~1.6%)
- Capital Force: 25,292,179 shares (~15.81%)
- New Capital: 45,260,761 shares (~28.29%)
- Capital Winner: 46,842,367 shares (~29.28%)
Strategic Rationale
- The property was acquired in 1998 and used as the Group’s office until September 2023.
- After relocation, the property became vacant. The Board believes the disposal will help realize value from a non-core asset and enhance liquidity.
- The Directors (including independent non-executive Directors) consider the transaction fair, reasonable, and in the interests of shareholders.
Next Steps
- A circular containing further information about the disposal will be sent to all shareholders on or before 15 June 2026.
Potential Share Price Impact
- The expected substantial loss from the disposal (approximately HK\$26.43 million) could weigh on the Group’s 2026 net profit and may affect share price performance in the short term.
- However, the transaction also improves the Group’s balance sheet by extinguishing debt linked to the property.
- Investors should monitor the company’s future plans for asset utilization and capital deployment following debt repayment.
Disclaimer: This article is for information purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisers before making any investment decisions. The writer and publisher assume no responsibility for any actions taken based on the information contained herein.
中建富通控股重大物業出售：投資者須注意詳情
交易重點摘要
- 重大出售： 中建富通控股有限公司（股份代號：00138）宣布一項涉及重大資產的物業出售交易。
- 出售資產： 出售標的為香港新界沙田禾盛街11號中建電訊大廈18樓01、02、03、05、06、07、08、09及10室。
- 買方： Trimworld Limited，為獨立第三方，將收購該物業。
- 作價： 作價為港幣42,450,000元，現金支付。
- 協議日期： 臨時買賣合約於2026年5月22日簽訂，正式協議將於2026年6月5日或之前簽署。
- 完成日期： 交易預計於2026年7月31日或之前完成。
對股東的影響及具價格敏感的信息
- 重大出售虧損： 物業於2025年12月31日的賬面值為港幣68,300,000元。扣除出售價格及相關開支約港幣580,000元後，集團預計2026年度將錄得約港幣26,430,000元的未經審核虧損。這是一筆對公司盈利有重大影響的虧損，或對股價造成壓力。
- 收益用途： 淨收益約港幣41,870,000元，將全數用以清還該物業的按揭貸款，進一步改善集團財務狀況及現金流，但短期內並不會為新投資或派息帶來可動用資金。
- 股東批准安排： 由於是上市規則第14章下的「重大交易」（適用百分比超過25%但少於75%），須股東批准。但公司已獲持有約74.98%已發行股份的緊密聯繫股東（麥紹棠先生、Capital Force、New Capital、Capital Winner）書面批准，故無需召開股東特別大會。
- 物業閒置及策略調整： 物業自2023年9月公司遷址後一直閒置，是公司處理非核心資產、增加財務靈活性的決策之一。
交易詳情
- 付款安排：
- 簽署臨時協議時支付首期訂金港幣1,230,000元
- 簽署正式協議時支付次期訂金港幣2,870,000元
- 交易完成時支付餘款港幣38,350,000元
- 交易無附帶條件： 買賣屬無條件，完成將按協議進行。
- 雙方背景：
- 賣方Goldbay Investments Limited為集團全資附屬公司，主營物業投資。
- 買方Trimworld Limited為獨立投資控股公司。
股東結構及控制情況
- 批准出售的緊密聯繫股東由董事會主席兼控股股東麥紹棠先生領導，合共持有公司約74.98%股份，持股分布如下：
- 麥紹棠先生：2,558,965股（約1.6%）
- Capital Force：25,292,179股（約15.81%）
- New Capital：45,260,761股（約28.29%）
- Capital Winner：46,842,367股（約29.28%）
戰略考慮
- 該物業自1998年購入，2018年10月至2023年9月用作集團辦公室。
- 2023年9月後物業閒置，董事會認為出售有助釋放非核心資產價值及提升流動性。
- 董事（包括獨立非執行董事）認為交易屬公平合理，符合股東整體利益。
後續安排
- 有關出售的進一步資料將於2026年6月15日或之前隨通函發送予全體股東。
對股價的潛在影響
- 預期因出售產生的重大虧損（約港幣2,643萬元）將對集團2026年全年盈利造成壓力，短期內或對股價表現構成負面影響。
- 不過，交易亦有助消除與物業相關的負債，改善資產負債表。
- 投資者應關注公司償債後未來資產運用及資本部署計劃。
免責聲明：本文僅供參考，不構成任何投資建議。投資者請自行作出盡職調查及諮詢專業顧問，方作投資決定。作者及發布者對根據本文資料所作出的任何行動概不負責。
