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Bauhaus International (00483) plans to buy Hong Kong property to be used as employee dormitories
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According to Zhitong Finance App, Bauhaus International (00483) announced that on November 11, 2026, the buyer Bauhaus Precision Limited (a wholly-owned subsidiary of the Company) signed a temporary sales agreement with sellers Ho Yin Yin Nana and Chu Yuk Sing Manly for the sale of the property. The purchase price was HK$9.1 million. The acquisition will be completed on or before February 12, 2027.

According to the announcement, the property (including a residential unit and its dedicated roof) is located in Room B and Rooftop B, 9th Floor, Block 20, Phase 3, Xinfeng Garden Phase 3, No. 11 Ma Wo Road, Tai Po, New Territories, Hong Kong.

The property is intended to be used as employee dormitories to provide accommodation for the company's front-line sales representatives working in its retail stores, including some migrant workers left behind under the Supplementary Labor Optimization Plan (Supplementary Labor Optimization Plan). The Supplementary Labor Optimization Plan is an employment and imported labor scheme managed by the Hong Kong Special Administrative Region (Hong Kong) Government.

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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