09938.HK issued an announcement on October 9, 2023, the buyer (which is an indirect wholly-owned subsidiary of the company)Enter into a provisional agreement with the seller under which the buyer agrees to purchase and the seller agrees to sell the property for a consideration of HK $8.28 million.
The property refers to Factory E, 4th floor (including platform), Kwai Shing Industrial Building (Phase II), 42mur46 Dalian Pai Road, Kwai Chung, New Territories.
After the acquisition of these investment properties, the Group intends to rent them out for rental income after renovation and splitting them into a number of small workshops or studios in accordance with the approved plans and plans.