Merix (merix.com) has reached a binding agreement to sell the building and long-term land lease of its former Hong Kong manufacturing facility for HK$85.8 million (US$11.1 million). The sale is anticipated to close this spring.rnMerix expects to net $9.5 million from the transaction, which is contingent on approval by the Hong Kong Science and Technology Park and the buyer completing required financing. The building and land lease are currently held on Merix financial statements at zero net book value.
展开▼
