Tai Hing Group (00052.HK) announced the acquisition of several shops located at G/F 757-764, Site C, Whampoa Garden, 242 Rainbow Road, Kowloon, from M.Y.M. Gross floor area is approximately 3,588 sq.ft. for HKD62.88 million. The company is currently renting the property for HKD223,100 per month.
The company has been operating a fast food restaurant at the property since 2015. Through the acquisition, the company will own the premises and maintain its business operations there.