CHINA IN-TECH (00464) Plans to Acquire Shenzhen Property for RMB45 Million

Stock News
2025/12/23

CHINA IN-TECH (00464) announced that on December 23, 2025, its wholly-owned subsidiary, CRT Technology Limited, entered into an agreement with the seller to acquire a property in Shenzhen for RMB45 million (approximately HKD49.5 million), subject to adjustment mechanisms.

The property, located in China Economic & Trade Tower at Zizhu 7th Road, Futian District, Shenzhen, comprises units 16A to 16J with a gross floor area of about 1,327 square meters and a usable area of around 959 square meters. It will be used as office space.

Situated in Futian District’s prime commercial area, the property offers long-term investment potential. It is intended to serve as the group’s office for its Web3.0 business.

The board believes the acquisition will support the group’s long-term development in Web3.0 operations, reduce reliance on leased properties, improve operational efficiency, and eliminate long-term rental expenses and fluctuations while strengthening the group’s asset base.

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