Hong Kong Food Investment Holdings Limited has entered into an agreement to sell three properties in Tokyo’s Minato district for approximately ¥1.25 billion, reflecting a strategic adjustment of its overseas real estate holdings.

The portfolio comprises two office buildings and one residential block owned through a wholly-owned subsidiary, and the proposed disposal has been classified as a major transaction under Hong Kong’s listing rules.

The company said the deal remains subject to completion conditions as set out in the sale agreement.

Under the terms agreed with the buyer, completion will require approval from shareholders at an extraordinary general meeting, and the company intends to issue a circular containing full details and an independent valuation report by the end of April.

While no shareholder is currently required to abstain from voting, officials cautioned that satisfaction of all conditions precedent will be essential before the transaction can be concluded, leaving some uncertainty over the exact timing and execution of the sale.

Hong Kong Food Investment’s property portfolio has included overseas real estate holdings alongside its core food-related business activities, and the planned disposal highlights management’s focus on active portfolio management and capital allocation.

The Minato properties are in one of Tokyo’s most sought-after business and residential districts, a market that has attracted strong foreign investor interest in recent years amid robust demand for commercial and residential assets.

The disposal is expected to reshape the company’s asset mix once completed and could free up capital for reinvestment or debt reduction.

The board emphasised that the transaction is consistent with its broader strategy of refining its investment portfolio, aligning assets with long-term value creation for shareholders.

Completion will depend on meeting all conditions under the agreement, and the company reiterated that it will update the market as developments occur.