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2007-2-5 11:29:00 a.m. HKT, XFNA
Hong Kong-listed LeRoi Holdings buys properties; obtains loan to fund
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purchases
HONG KONG (XFN-ASIA) - LeRoi Holdings Ltd said it has entered into two
separate agreements for the purchase of investment commercial and residential
properties in Hong Kong.
Director Keith Ng said LeRoi Holdings also agreed under another deal to
avail of a 35 mln hkd loan from Wai Yuen Tong Medicine Holdings Ltd for
funding the purchases and the business operations of its group.
As part of the first agreement, LeRoi will buy 10 retail stalls in wet
markets in different parts of the New Territories for a total consideration
of 8.0 mln hkd.
In the second deal, LeRoi agreed to buy three apartments in Kowloon for a
total consideration of 4.65 mln hkd.
Wai Yuen Tong indirectly holds a 25.32 pct stake in LeRoi Holdings.
(1 usd = 7.8 hkd)
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