Core Viewpoint - The company has entered into a subscription agreement to acquire approximately 15.10% of the existing B-class member equity of Carmel Reserve LLC, with a total investment of approximately $10.32 million (around HKD 80.52 million), which will increase its stake to about 32.97% post-transaction [1][2]. Group 1: Investment Details - The subscription agreement involves the company acquiring equity in Carmel Reserve LLC, which is developing the "ONE Carmel" luxury residential project in California [1][2]. - The project spans 891 acres (approximately 3.6 square kilometers) and is planned to consist of 73 lots, with an average lot size of 4.38 acres (about 17,725 square meters) [2]. - The first phase of the "ONE Carmel" project is expected to be completed by 2026, marking it as a significant residential development in the Carmel Valley area [2]. Group 2: Strategic Importance - The board views this investment as a strategic opportunity to deepen involvement in the luxury residential development market in California [2][3]. - The project is designed to meet the growing demand for ultra-luxury, sustainable living spaces, particularly appealing to high-net-worth individuals [3]. - By converting debt investments into equity and injecting an additional $8 million in new funds, the company aims to enhance its potential for long-term capital appreciation and profit distribution from the project [2][3]. Group 3: Financial and Operational Outlook - The board believes that the financial returns generated from the project will provide sustainable value for shareholders [4]. - The project is positioned to integrate advanced AI property management systems, enhancing operational efficiency and resident experience [3]. - The investment aligns with the company's strategy to expand its footprint in the U.S. real estate market and diversify its asset base [3][4].
德林控股(01709)进一步认购Carmel Reserve LLC 15.10% B级成员权益