E. BON HOLDINGS (00599.HK): unit to buy HK property for HKD 26 mln
- The property is subject to an existing tenancy with monthly rent of HKD 61,000 (excluding rates, government rent and management fees) expiring on 30 November 2027.
- Consideration is payable in three stages: an initial deposit of HKD 1,000,000 already paid, a further HKD 1,600,000 by 10 November 2026 and the HKD 23,400,000 balance on completion.
NewTimeSpace News: On 14 October 2026 (after trading hours), E. Bon Holdings Limited (00599.HK) announced that its wholly-owned subsidiary New Legend Limited agreed with the seller and Centaline Property Agency Limited to acquire, for HKD 26,000,000, Flats A and B, 20/F, First Commercial Building, 33-35 Leighton Road, Hong Kong. The property is subject to an existing tenancy until 30 November 2027; the buyer will receive monthly rent of HKD 61,000 upon completion. Consideration is payable by an initial deposit of HKD 1,000,000 (paid), a further HKD 1,600,000 by 10 November 2026 and the balance of HKD 23,400,000 on completion. An independent valuer put a preliminary valuation of HKD 24,000,000 on it as at 13 October 2026. As applicable percentage ratios exceed 25% but are below 100%, the deal is a major transaction; written approval from closely connected shareholders holding 52.8% exempts a general meeting. Completion is expected by 22 January 2027.
