In June, Swire Properties entered into a Sale and Purchase agreement with Henglilong Investments Limited to sell its interest in Cityplaza Three and Cityplaza Four for a total cash consideration of HK$15,000 million, subject to adjustments. Proceeds from the disposal will be applied towards the general working capital of Swire Properties, which will put the company in a stronger position to continue its major investment programmes and pursue new ventures in its core markets.