TOP Glory says it has exercised a put option to sell its 25 per cent stake in Charlesville to Tomson Pacific for $209.7 million. The option was agreed to by Top Glory - then known as World Trade Centre Group - and Tomson last November, gives Top Glory the right to sell its remaining stake to Tomson within one year. The agreement was reached after Top Glory completed the sale of 75 per cent of its shareholding in Charlesville to Tomson. Charlesville is the holding company of Tomson (China). Its principal assets include property, industrial, hospitality and leisure interests and projects in China. The property interests comprise several commercial and residential development projects in Shanghai. Top Glory said the proceeds of the sale would be used in its property development projects and for general working capital.