Core Viewpoint - Baiyue Group (08545) announced the acquisition of a property for HKD 4.8 million to address the increasing demand for warehouse and distribution facilities due to rapid expansion in mainland China [1] Group 1: Acquisition Details - The property being acquired is located at 7th floor, Wanglong Industrial Building, 11 Longde Street, Tsuen Wan, New Territories [1] - The acquisition price is set at HKD 4.8 million [1] Group 2: Business Rationale - The rapid expansion in mainland China has led to increased demand, putting pressure on existing warehouse and distribution facilities, resulting in decreased inventory management efficiency and order fulfillment delays [1] - The new property will be utilized as a warehouse to provide sufficient space for additional inventory, streamline logistics processes, reduce transportation costs, and shorten delivery times [1] - This strategic move is expected to enhance operational efficiency and strengthen the company's competitive position in the Chinese market [1] Group 3: Future Expansion Potential - The facility will also offer scalability for future expansion, including support for new product lines and serving as a potential regional distribution hub [1]
佰悦集团拟480万港元收购香港物业用作仓库