Hao Tian International to sell stake in Cambodian economic zone developer

Hao Tian International Construction Investment Group Limited (HKEX:1341) announced a major transaction to dispose of 85% of the issued share capital of Alcott Global Limited. The total consideration is HK$900,000,000, comprising Consideration Notes valued at HK$850,000,000 and a cash payment of HK$50,000,000. This transaction is set to alleviate repayment pressure and improve the company's financial position. The disposal is classified as a major transaction and is subject to shareholder approval at an Extraordinary General Meeting on November 21, 2025.

Alcott Global, an investment holding entity, holds a 22% equity interest in CESIZ (Cambodia) Co., Ltd., which is developing a special economic zone in Cambodia. The property valuation report, dated August 31, 2025, assessed the fair value of the property at US$413,000,000. The project company's development has faced significant delays, with no substantial progress since Alcott Global's acquisition in January 2021, leading the board to focus resources on other businesses.

The Consideration Notes, originally issued for HKD850,000,000, had a market value of approximately HKD536,470,649 as of August 31, 2025. The estimated unaudited loss from the disposal is approximately HK$8.5 million. The HK$50,000,000 cash proceeds are intended to repay an outstanding loan owed to the purchaser.