POLY Investments Holdings has agreed to sell Wing Kut House in Central for $330 million to an independent third party, Beverly Co. The sale of the 23-storey commercial building will generate a profit of about $100 million for Poly. Continental Mariner Investment, which owns 60 per cent of Poly, and was wrongly reported as buying the property, will receive an attributable profit of about $30 million from the disposal. Poly intends to use the sale proceeds for new property and industrial investments when opportunities arise. The company has received a deposit of $33 million from Beverly. A further $33 million will be paid by the buyer by the end of this month, with the balance payable on or before the end of March.