A few interesting facts from the completion of the complex disposal of  HL Global Enterprises' (AVX.SI) share capital of LKN Investment International  Pte Ltd (LKNII), which consists of 100% interest in Hutai that owns the 106-unit serviced apartment building Elite Residences located near Shanghai's central district as well as the 60% interest in loss-making CHQ that consists of  the 455-unit Copthorne Hotel in Qingdao, located near Qingdao's central business district. More information can be gleaned here:

Elite Residences in Shanghai, the PRC

1. The company will receive net proceeds in excess of S$100M from both deals, the bulk of it already received. 2. HL Global will become a net cash company VS a net debt company before the disposal. 3. HL Global should report positive book value VS a negative book value previously. 4. The now positive book value should also be very much more than the ......