COSMOPOLITAN International Holdings has agreed to sell certain apartments and shops to Hotung Investment (China) for $69.1 million. The properties include 13 flats and nine car parking spaces at Sun View Court in Happy Valley, and four shops at Cheung Chun Mansion in Wan Chai. Cosmopolitan also agreed to pay $46 million for certain shops at Cheong Hong Mansion in Wan Chai from Hotung, which owns 14.6 per cent of Cosmopolitan. The company owns all other commercial units in Cheong Hong Mansion. After the purchase, it intends to refurbish all commercial units of the property at a cost of $14 million. The company said the refurbishment would enhance the property's rental value.