VXL Capital (00727.HK) said that it agreed to sell two hotel properties - one in Renshou County and one in Suining County, both in Sichuan Province - for RMB33.37 million (HK$40.94 million), or RMB25.71 million in net proceeds. The company will realise HK$3.25 million gains from the disposals.

VXL Capital maintains its strategies of developing its properties into budget hotels or commercial offices for leasing or sale, or, when appropriate, outright sale. The company considers that the disposals are consistent with that development strategy and serve to enhance the overall quality of the property portfolio of the group.

Source:chinesestock.org