AGBA subsidiary sells Hong Kong property for HK$48M (~US$6.15M)

Triller Group Inc.

Profit Vision, a wholly-owned AGBA subsidiary, agreed to sell its 15th-floor property in Kaiseng Commercial Centre, Kowloon.
Sale price is HK$48,000,000 (approx US$6.15 million); expected closing by October 17, 2023.
Buyer to replace Profit Vision as landlord under the existing commercial lease on the property.
Deposit of HK$4,800,000 paid; forfeited to Profit Vision if buyer fails to complete for non-default reasons.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Triller Group Inc. entered into Agreement with Billion Fung Shares Limited valued at HK$48,000,000 (effective 2023-07-20).

Action: entry
Agreement: asset purchase
Counterparty: Billion Fung Shares Limited
Value: HK$48,000,000
Effective: 2023-07-20

Exact text from the filing

Profit Vision Limited (“Profit Vision”), a wholly-owned subsidiary of AGBA Group Holding Limited (“AGBA” or “Registrant”), entered into a purchase and sale agreement (the “Agreement”) with Billion Fung Shares Limited (the “Buyer”), pursuant to which, Profit Vision agreed to sell its property located on the fifteenth floor of Kaiseng Commercial Centre at Nos. 4 & 6, Hankow Road, Kowloon, Hong Kong (the “Property”). Under the terms of the Agreement, Profit Vision will sell the Property at HK$48,000,000 (approximately US$6.15 million).

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Source: SEC EDGAR

accession 0001213900-23-059630

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