World Chinese Media Announces C$6.85 Million Sale of Canadian Property

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World Chinese Media (00685) has announced that on September 2, 2026 (Canadian time), its indirect wholly-owned subsidiary, Ming Pao Holdings (Canada) Limited, has agreed to sell a property located at 5368 Parkwood Place, Richmond, British Columbia, V6V 2N1, Canada, to Da Xing Investment Ltd. The transaction, valued at C$6.85 million, includes the land and the two-storey industrial building constructed on it.

The decision comes as the group has ceased its media operations in Canada and the property is no longer necessary for its Canadian media business. The directors believe that the sale presents a valuable opportunity for the group to realise the asset's value and reallocate the proceeds towards other business operations and working capital requirements.

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The transaction, valued at C$6.85 million, includes the land and the two-storey industrial building constructed on it.<br><br>The decision comes as the group has ceased its media operations in Canada and the property is no longer necessary for its Canadian media business. 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