HK FERRY (HOLD)(HK:00050) Zhi Tong Cai Jing·2025-08-19 13:55Core Viewpoint - Hong Kong Ferry (Group) Limited announced a temporary agreement for the acquisition of a property for HKD 260 million, which aligns with the company's strategy to expand its existing property investment business [1] Group 1: Acquisition Details - The buyer, Xingling Investment Limited, a wholly-owned subsidiary of the company, will acquire multiple shops and a signage area located at 55 Chung On Street, Tsuen Wan, Hong Kong, with a total floor area of approximately 12,720 square feet [1] - The acquisition is subject to the terms of the temporary agreement between the buyer and the seller, Minxi International Investment Limited [1] Group 2: Strategic Implications - The board believes that the acquisition will generate rental income and enhance the company's revenue base due to the property's advantageous location in Tsuen Wan and existing leases and franchises [1]