EMPEROR WATCH & J (00887) proposes to acquire the entire equity of Emperor Investment.

EMPEROR WATCH & J (00887) announced that on February 28, 2025, the seller (Emperor Property Investment) and the buyer (EMPEROR WATCH & J (Hong Kong and Macau), wholly owned by the company) entered into a purchase agreement regarding the acquisition of all the shares of the target company (Empire Investment Limited) and the outstanding loans owed by the target company to the seller, for a consideration of approximately HK$79.8 million (subject to adjustment). The target company's main business is investment holding. The property company is a limited company registered in Hong Kong, wholly owned by the target company. The property company is engaged in property investment and holds the property, which includes spaces and advertising sites on the 2nd to 4th floors of 4-8 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong. The property is located on the 2nd to 4th floors of a five-story building on Canton Road in Tsim Sha Tsui (one of the renowned shopping districts in Hong Kong and globally). The group currently owns the shops on the ground floor and first floor of the same building. The board believes that this is a valuable opportunity for the group to acquire the remaining floors of the building, consolidate ownership of the entire building, and establish a permanent base in this prime location for the group's luxury watch brand partners to set up their flagship stores. The acquisition also allows the group to use the external walls and advertising boards of the building for brand promotion. More importantly, the group has identified a potential top luxury watch brand to open a flagship store in this five-story retail complex, enhancing customer experience and engagement.