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Sun Hing Vision (00125) said it agreed to purchase the premises located at Offices A, B, C, D & E on 25th Floor, EGL Tower, No. 83 Hung To Road, with two Car Parking Spaces on L1 Nos. 12 & 13 at HK$120.29 million. The property is a commercial property. The total gross floor area of Office A, B, C, D & E is around 12,029 square feet. The Group is currently leasing properties for its own use and intends to use the property as its office in Hong Kong in the future. For the time being, the Group will hold the property as investment property pending the expiration of the current lease of the Group's office in July 2021, by then the Group's office will be relocated to the property for the benefit of saving rental expenses. |
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