Zhitong Financial APP News, Shunhao Holdings (00253) announced that on December 10, 2021, Miluda Limited, a subsidiary of the company, intends to acquire all issued shares and existing shareholder loans from he Jincheng, he Chengye and Qiu Xiaoyan for a consideration of HK $31 million.
It is reported that the only assets of the target company are the property (No. 19, Tianluan II Moritz Avenue, 33 Kwu Tung Road, Sheung Shui, New Territories, Hong Kong) and its lease. The property is currently leased to a tenant (an independent third party) at a monthly rent of HK $48000 until 29 April 2024.
In view of the current market conditions, the Board considers that the acquisition provides the Group with a good investment opportunity to acquire the rental income property outside Zhongxin Commercial Science and Technology Park in the Northeast New Territories Development area recently announced by the Hong Kong Government at a reasonable price. it has the potential for capital gains.