Foyhtin Holdings (08030.HK) plans to issue 10.12766 million shares of consideration shares to acquire Hong Kong properties for use as staff dormitories.

Zhixun Finance APP reported that Fung Yin Wo Holdings (08030.HK) announced on July 9, 2025, that the company intends to purchase the property from Xu Yun through its indirectly wholly-owned subsidiary, Hong Kong Data Security Technology Limited, for a price of 23.8 million Hong Kong dollars. The buyer will facilitate the company to issue and distribute 10.12766 million shares of representative shares to the seller at a price of 2.35 Hong Kong dollars per share at the time of completion. The directors intend to use the property as employee housing for the group in Hong Kong.