According to the Zhitong Finance App, Yibangxing Holdings (00599) announced that on October 14, 2026, Xinling Co., Ltd., a wholly-owned subsidiary of the company, plans to acquire Rooms A and B on the 20th floor of First Commercial Building, 33-35 Leighton Road, Hong Kong from Zone One (CS) Limited at a cost of HK$26 million.

The property is intended to be used by the Group as its own office after the expiration of the property's existing lease. The directors believe that the acquisition is beneficial to the Group in the long run, as it can improve the Group's operating efficiency by reducing the Group's dependence on rental properties and avoiding long-term rental expenses. Furthermore, since the property is located in the same building as the company's head office and main business location, it will provide the necessary space to support future business growth, facilitate the company's daily management, and enhance coordination among different business functions.

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.