ABLE ENG HLDGS (01627.HK): Completes Acquisition of an Industrial and Warehouse Building, Paid in Full from Internal Resources

NewTimeSpace News: On August 31, 2026, Able Engineering Holdings Limited (stock code: 01627) announced that all conditions precedent under the acquisition of an industrial and warehouse building have been satisfied, and the acquisition was completed on the same day.

According to the announcement, all conditions precedent under the provisional agreement and the formal agreement have been fulfilled, and the property has been delivered with vacant possession. The consideration for the acquisition has been fully funded from the Group's internal resources. Upon completion, the property is held by the Company through its wholly-owned subsidiary.

The acquisition, which constitutes a discloseable transaction, stems from the Company's announcement dated June 18, 2026. The announcement did not disclose the specific amount of the consideration.

The source of this information is the HKEX announcement.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.