Zhi Tong Cai Jing·2026-02-27 12:58Core Viewpoint - Dah Sing Properties Limited, a wholly-owned subsidiary of Dah Sing Bank Group, has entered into an agreement to purchase a property for approximately HKD 839 million from Reward Investment Limited [1] Group 1: Property Details - The property consists of the entire ground floor and multiple floors (6th, 7th, 8th, 9th, 10th, 11th, 12th, 15th, 17th, and 18th) of the "Wei Wah Hui" building located at 36 Heung Yip Road, Wong Chuk Hang, Hong Kong [1] - The acquisition includes rights to change the building's name and signage, five advertising units on the building's exterior, and 20 parking spaces [1] Group 2: Current Leasing Status - Except for the 6th and 18th floors, the property is currently vacant [2] - The 6th floor has a lease agreement with a third party, generating a monthly rent of approximately HKD 383,900, with the lease expiring on March 2, 2030 [2] - The 18th floor is leased to a third party for a monthly rent of approximately HKD 982,100, with the lease expiring on October 2, 2031 [2] Group 3: Strategic Rationale - The buyer intends to use the property primarily for self-use, aiming to reduce future reliance on leased properties and associated long-term rental expenses, thereby enhancing operational efficiency [2] - The acquisition is seen as aligning with the group's long-term interests and providing necessary space for future business growth [2]