On 30 October 2025, Herald Properties Limited, an indirect wholly owned subsidiary of Herald Holdings Limited (00114), entered into a preliminary agreement with Dipende Limited, a wholly owned subsidiary of Sun Hung Kai Properties Limited (16). According to the announcement, the agreed consideration for purchasing the residential unit and accompanying parking space at Dynasty Court on Old Peak Road in Hong Kong is HK$81.5 million.

Under the agreement, Herald Properties Limited will pay an initial deposit of HK$4.075 million upon signing, a further deposit of HK$4.075 million upon signing the formal contract, with the remaining balance of HK$73.35 million settled upon completion. The seller is also set to provide a cash rebate of 4.25% of the purchase price after the deposits are made and all necessary stamp duties are paid.

The property is currently leased to an indirect subsidiary of Herald Holdings under a tenancy arrangement for a monthly rental of approximately HK$126,000. The property is then occupied by an executive director of Herald Holdings under a rental reimbursement scheme. Following the acquisition, the tenancy arrangement will remain in place until its scheduled expiry at the end of December 2025, after which potential continuance will be evaluated.

According to the announcement, the transaction meets the threshold for a discloseable transaction under Chapter 14 of the Listing Rules, thus requiring an announcement but no shareholder approval. Herald Holdings indicates that this acquisition serves as an investment opportunity amid improving conditions in the local property market and that the purchase will be financed through a mix of internal resources and external financing.