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Dudu Holdings (08250) subsidiary plans to acquire commercial office properties in Hong Kong for HK$12 million
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According to Zhitong Finance App, Dudu Holdings (08250) announced that on October 26, 2026, the buyer (Jindu Capital Services Co., Ltd., an indirect wholly-owned subsidiary of the company) plans to purchase the property from the seller (Fubon Shipping Co., Ltd.) at a cost of HK$12 million. The property to be acquired is a commercial office property with a total floor area of about 1,800 square feet, Flat 1, 14th Floor, Yuexiu Building, 160-174 Lockhart Road, Wan Chai, Hong Kong, China. The property is currently being used by the seller.

The Group plans to expand its main business into the Hong Kong construction industry. The directors believe that the existing office will not be sufficient to meet the needs of business expansion. Furthermore, the directors also believe that given the decline in commercial real estate prices in the past two years, this is a good opportunity to invest in commercial real estate. Additionally, the property will strengthen the Group's fixed asset base.

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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