Second Chance

Second Chance: Entered option agreement with Celestine Management to dispose an aggregate 45 properties at $175.4m, 30.1% above its market valuation of $134.8m as of 7 Nov 2013. The option will lapse on 29 Aug. Going forward, group intends to significantly reduce its exposure in investment properties and the proceeds may be redeployed into regional expansion of its apparel/ jewellery retail business.