SEHK:123
SEHK:123Real Estate

Did Yuexiu’s HK$500 Million, Shareholder‑Linked Loan Just Shift Yuexiu Property's (SEHK:123) Investment Narrative?

Earlier this month, Yuexiu Property Company Limited disclosed that it had entered into a facility agreement for a HK$500,000,000 term loan with a bank, providing up to 18 months of funding subject to specific conditions tied to its controlling shareholder. An interesting feature of the deal is that a change in Yue Xiu Enterprises’ ownership or control below set thresholds could trigger an event of default, allowing the lender to demand immediate repayment. With this new HK$500,000,000...
SEHK:6110
SEHK:6110Specialty Retail

Is Store Footprint Reduction Reshaping The Investment Case For Topsports International Holdings (SEHK:6110)?

Topsports International recently reported that its total retail and wholesale sales for Q3 FY2025/26 fell by a high single‑digit percentage year-on-year, while the area of its directly operated stores contracted by 13.4% over the same period. This pullback in physical store space hints at a reshaping of Topsports International’s operating model, with potential consequences for revenue scale, customer experience, and relationships with brand partners. We’ll now explore how the ongoing...