Redco Properties says lender may buy 24% stake in Redco Healthy for HK$45.12 million

• Receivers moved to sell 48,000,000 shares in Redco Healthy Living, a 75%-owned unit of Redco Properties, to China Billion International for HK$ 45.12 million via a non-cash set-off against a defaulted facility.
• The price implies HK$ 0.94 per share, referenced to the Hong Kong close on May 15, 2025; stamp duty and enforcement costs would be deducted before the net amount reduces the facility balance.
• The receivers set a May 26, 2026 deadline for a higher-priced buyer, full repayment, or a grounded objection; absent that, they intend to execute the sale.
• Redco Properties indicated it cannot repay HK$ 45.12 million by the deadline, making the disposal to the lender likely.
• The proposed sale would reduce the charged stake under receivership, with 51% of Redco Healthy’s issued share capital still subject to the receivers, raising the risk of further disposals that could trigger deconsolidation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redco Properties Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260522-12169787), on May 22, 2026, and is solely responsible for the information contained therein.