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Jingmen Semiconductor (02878) plans to acquire Hong Kong properties for HK$130 million
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According to Zhitong Finance App, Jingmen Semiconductor (02878) issued an announcement. On November 6, 2026, the buyer (a wholly-owned subsidiary of the Company) signed a preliminary agreement with the seller. The buyer agreed to buy and the seller agreed to sell the property at a cost of HK$130 million. According to the terms of the preliminary agreement, the buyer and seller will enter into a formal contract of sale for the property on or before November 23, 2026. It is expected to be completed on or before December 21, 2026.

According to reports, the property includes office units in rooms A1, A2, A3, A5, A6, A7, A8, A9, A10, A11, B1, B2, B3, B5, B6, B7, B8 and B9 on the 28th floor, 83 Wing Hong Street, Kowloon, Hong Kong. The saleable area of these office units is approximately 11,646 square feet.

The Group is currently leasing the property for personal use and is planning to move the office to this property. The Board believes that the acquisition will benefit the long-term development of the Group, as it will reduce the Group's dependence on rental properties, thereby avoiding related long-term rental expenses and potential rent fluctuations. Furthermore, the acquisition will provide the Group with suitable properties to support its operating needs and future business growth.

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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