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CHINA PIPE (00380.HK) Spends HKD21.5M to Acquire Shanghai Street Property for Self-use as Retail Store
CHINA PIPE (00380.HK) announced that its indirectly wholly-owned subsidiary, Bun Kee (International) Limited, entered into a sale and purchase agreement to acquire the ground floor...
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CHINA PIPE (00380.HK) Spends HKD21.5M to Acquire Shanghai Street Property for Self-use as Retail Store
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CHINA PIPE (00380.HK)  -0.002 (-1.429%)   announced that its indirectly wholly-owned subsidiary, Bun Kee (International) Limited, entered into a sale and purchase agreement to acquire the ground floor of No. 714 Shanghai Street, Kowloon at a consideration of HKD21.5 million.

The property is located in Mong Kok. The Group is currently leasing a nearby property for retail business operations. Upon expiry of the existing tenancy, the Group intends to use the acquired property as its own retail store.

The property is currently leased at a monthly rent of HKD70,000, and the tenancy agreement will expire on September 30 this year. (sl/u)(HK stocks quote is delayed for at least 15 mins.)

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