SANBASE CORP (08501) intends to sell a 60% equity interest in Core Group Holding Limited for HK$27 million.

SANBASE CORP (08501) announced that on September 16, 2026, the Company's wholly-owned subsidiary 1017 Company Limited intends to sell a 60% equity interest in Core Group Holding Limited and the sale loan to Aeola Investment Limited at a total consideration of HK$27 million. As at the date of this announcement, the Hong Kong subsidiary is a direct wholly-owned subsidiary of the target company and is principally engaged in the provision of interior design and fit-out solutions. After careful consideration of the current business operations of the Group and the target group and prevailing market conditions, the Company considers that the disposal will enable the Group to (i) streamline its corporate structure and have greater flexibility in resource allocation, (ii) reduce the indirect costs incurred by the Group in maintaining its investment in the target group, thereby improving the Group's overall financial performance, and (iii) realize the remaining value of its investment in the target group and enable the Group to consolidate and utilize its resources more effectively to maintain its market position in the provision of interior fit-out solutions services for Grade A office buildings. The Group will also continue to identify opportunities to expand into other market segments, including retail, education, residential and non-governmental organization sectors, when suitable opportunities arise.