roulettemachinecasino| Xianfeng Services Group (00500.HK) plans to sell Cessna Citation C680 Sovereign business jet for US$4 million

Gelonghui May 21 丨 Xianfeng Service Group (00500roulettemachinecasino.HK) AnnouncementroulettemachinecasinoOn May 21, 2024, the seller (a wholly-owned subsidiary of the company) and the buyer entered into the agreement, pursuant to which the seller will sell the aircraft to the buyer and the buyer will purchase the aircraft at a consideration of US$4 million. The aircraft is a Cessna Citation C680 Sovereign commercial jet and is legally and beneficially owned by the seller.

The company intends to use the proceeds from the sale to the grouproulettemachinecasinoGeneral working capital.