Summary by Moomoo AI
Fortune Properties announced on April 15, 2024 that it has reached a definitive agreement with the buyer for the sale of a significant asset. Completion of this transaction is subject to the satisfaction or exemption of certain preconditions, including the approval of the final agreement by the shareholders at the Provisional General Meeting and the majority approval of the special resolution by existing holders of the Notes. The Company expects the closing date of the transaction to fall between April 23 and May 15, 2024, but this timetable is only an estimate and the actual completion time may change. Shareholders and potential investors are reminded that the sale is subject to pre-condition and caution is advised when buying and selling the Company's securities.