Magnificent Estate is an investment holding company. Co is principally engaged in the investment and operation of hotel and furnished suites; property investment; property management and trading; securities investment and trading; and treasury investment. Through its subsidiaries, Co. is also engaged in vessel leasing. As of Dec 31 2005, Co. had one property held for investment with approximate gross floor area of 5,130 sq. m, one property held for sale with approximate gross floor area of 1,115 sq. m., and one property held for sale with approximate gross floor area of 258,601 sq. ft.
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