Grand Ming agrees to sell Fanling data center properties to Amazon Data Services for up to HK$ 2.45 billion

Grand Ming agreed to sell two Fanling data center properties to Amazon Data Services Hong Kong for HK$ 2.18 billion minimum. Total consideration could reach HK$ 2.45 billion, including conditional post-closing payments of up to HK$ 265.8 million. Deals signed Sept. 18, 2026; initial target closing date set for Feb. 26, 2027, subject to shareholder approval. Unaudited disposal loss expected at about HK$ 1.09 billion, assuming no further payments are received. Net proceeds estimated at HK$ 2.08 billion without further payments; cash earmarked for mandatory repayment of about HK$ 2.17 billion facilities. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand Ming Group Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260918-12338499), on September 18, 2026, and is solely responsible for the i