MEDIA CHINESE (00685) completes the sale of its Canadian property.
World Chinese Media (00685) announced that on March 27, 2026, its indirectly wholly-owned subsidiary Ming Pao Holdings (Canada) Limited, as the seller, entered into a sales agreement with the buyer Cyclone Range Hoods Inc. According to the agreement, the seller agrees to sell and the buyer agrees to purchase the property for a purchase price of CAD 9.9 million. The property, which includes land located at 1355 Huntingwood Drive, Toronto, Ontario, Canada (M1S3J1) and a single-story industrial building constructed on it, is the subject matter of the sales agreement.
MEDIA CHINESE (00685) announced that on March 27, 2026, its indirect wholly-owned subsidiary, Ming Pao Holdings (Canada) Limited, entered into a sales agreement with the buyer Cyclone Range Hoods Inc., whereby the seller agreed to sell, and the buyer agreed to purchase the property for a purchase price of CAD 9.9 million. The property, including the land located at 1355 Huntingwood Drive, Toronto, Ontario, Canada (M1S3J1) and the single-storey industrial building constructed on it, is the subject of the sales agreement.
The company's board of directors is pleased to announce that the proposed sale has been completed on August 6, 2026. Upon completion, the seller is no longer the owner of the property.
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