Zhixun Finance APP News, Baida International Holdings (01949) announced that on December 2, 2024, the company's wholly-owned subsidiary Globe Wealth (Hong Kong) Limited entered into a yacht construction contract with the shipbuilder, whereby the buyer agreed to acquire and the shipbuilder agreed to build, sell, and deliver a yacht to the buyer for a price of 15 million Hong Kong dollars, subject to the terms and conditions therein.

The announcement stated that the company plans to acquire the yacht to support its marketing and customer development plan. The acquisition is expected to enhance marketing capabilities and customer engagement strategy. In addition, the company understands the yacht's potential for capital appreciation, which can generate substantial returns when suitable opportunities arise.