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Pacific Legend (08547) plans to acquire Hong Kong property for HK$11.58 million
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According to Zhitong Finance App, Pacific Legend (08547) announced that on July 20, 2026, the buyer IndigoLivingDesignLimited (an indirect wholly-owned subsidiary of the Company) signed a sales agreement with the seller Kangtu Development Co., Ltd. The buyer agreed to buy and the seller agreed to sell the property at a cost of HK$11.58 million.

According to the announcement, the property refers to a showroom at Studio 01, 17th Floor, One Two One, 121 King Lam Street, Cheung Sha Wan, Kowloon, Hong Kong. The property is a commercial property with a saleable area of approximately 1,020 square feet.

Considering that prices in the surrounding real estate market are relatively low; and that the property is currently used by the Company as a showroom, the acquisition of the property will provide the Company with a guaranteed and stable operating space without incurring future rent expenses, the Board of Directors believes that the acquisition provides a good investment opportunity for the Group.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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