DU DU HLDGS (08250) subsidiary intends to acquire a Hong Kong commercial office property for HK$12 million.
DU DU HLDGS (08250) announced that on October 26, 2026, the purchaser (Golden Degree Capital Services Limited, an indirectly wholly-owned subsidiary of the Company) intends to purchase the property from the vendor (Fubon Shipping Limited) at a consideration of HK$12 million. The property to be acquired is Unit 1, 14th Floor, Yue Xiu Building, 160-174 Lockhart Road, Wan Chai, Hong Kong, a commercial office property with a total gross floor area of approximately 1,800 square feet, currently occupied by the vendor.
DU DU HLDGS (08250) announced that on October 26, 2026, the purchaser (Golden Capital Services Limited, an indirectly wholly-owned subsidiary of the Company) intends to purchase the property from the vendor (Fubon Shipping Limited) for a consideration of HK$12 million. The property to be acquired is Room 1, 14th Floor, Yue Xiu Building, 160-174 Lockhart Road, Wan Chai, Hong Kong, a commercial office property with a total gross floor area of approximately 1,800 square feet, currently occupied by the vendor.
The Group intends to expand its principal business into the Hong Kong construction industry, and the directors believe that the existing office space will be insufficient to meet the needs of business expansion. In addition, the directors believe that, given the decline in commercial property prices over the past two years, now is a good opportunity to invest in commercial real estate. Furthermore, the property will strengthen the Group's fixed asset base.
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