Minsheng International Proposes to Sell Hotel Assets in Hokkaido, Japan; Total Transaction Consideration of HK$104 Million

NightAirdropper

2026-03-16 18:17:06

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****Viewpoint Network News: According to Minsheng International’s announcement, on March 12, Minsheng International, as the seller, entered into a sale and purchase agreement with buyers including China JinNiu Group Limited on March 12, 2025, to conditionally sell all shares of Decent Start Limited and facilitate the transfer of sales loans to improve the company’s financial position.

The total transaction price is HKD 104 million, paid through offsetting outstanding acceptance notes, for assets located at Hokkaido Hotel in Yoichi Town, Hokkaido, Japan.

Minsheng International stated that the directors believe this sale is crucial to optimize the group’s capital and debt ratio and to ease liquidity pressures. Decent Start Limited faces operational cost increases and intense competition; after the sale, it will be removed from Minsheng International’s consolidated financial statements.

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