Crocodile Garments sells Kwun Tong industrial property for HK$22.8 million

• Crocodile Garments agreed to sell an industrial property package in Kwun Tong for HK$22.8 million under a provisional agreement signed Sept. 11, 2026.
• Asset includes eight workshops and a storeroom at Lemmi Centre, totaling about 6,331 square feet; sold on an as-is basis.
• Completion is due on or before Nov. 30, 2026; deposits total HK$2.28 million, with HK$20.52 million payable at completion.
• Carrying value was about HK$33 million as of June 30, 2026; expected disposal loss is about HK$10.59 million.
• Net proceeds are expected at about HK$22.41 million, earmarked for general working capital to bolster liquidity amid a weak industrial property outlook.

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. Crocodile Garments Limited 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-20260911-12330085), on September 11, 2026, and is solely responsible for the information contained therein.