Core Viewpoint - The company, Baobao Long Technology (01861), has announced the acquisition of an office property in Hong Kong for HKD 40.3888 million, which is expected to provide additional operational space and reduce future rental expenses [1] Group 1: Acquisition Details - The buyer, Eurasia Property Holdings Limited, a wholly-owned subsidiary of the company, has entered into a sale agreement with Tianyang Investment Limited [1] - The property is located at 19th Floor, Office 2, China Merchants Tower, 168-200 Connaught Road Central, Hong Kong, with a total area of approximately 2,676 square feet [1] Group 2: Strategic Rationale - The board believes that the acquisition represents a good investment opportunity due to relatively low surrounding real estate prices [1] - The property is intended for self-use as office space, addressing the growing demand for office space resulting from the company's business expansion [1] - The board is confident that the acquisition will not have a significant adverse impact on the company's operations and cash flow [1]
保宝龙科技附属拟4038.88万港元收购香港办公室物业