BAUHAUS INT'L (00483) plans to acquire a Hong Kong property for 6.21 million Hong Kong dollars.

BAUHAUS INT'L (00483) announced that on March 4, 2026, the buyer (the wholly-owned subsidiary company Tough Jeans Retail Limited) and the seller BANKCOMM (Hong Kong) Limited entered into a provisional sales agreement for the purchase of a property for 6.21 million Hong Kong dollars. The acquisition is expected to be completed by April 16, 2026. The property is located at Unit D, 39th Floor, Block 9, Phase 2, Le Cheng Gardens, 620 Castle Peak Road, Tsuen Wan, New Territories, Hong Kong. The property is intended to be used as staff quarters for the group, providing accommodation for frontline sales representatives working in its retail stores, including several foreign workers under the Supplementary Labor Optimization Scheme, which is a program managed by the Hong Kong government for the employment and input of labor.