Able Engineering Finalises Land Acquisition in Hong Kong; Development Deadline Set for 31 March 2032

Bulletin Express

06/17

Able Engineering Holdings Limited announced the completion of a very substantial acquisition linked to its successful tender for a Hong Kong land parcel.

• Payment and Completion Timeline – Consideration was fully settled with internal resources on 12 June 2026. – Completion under the Conditions of Sale occurred on 17 June 2026, and the land has been delivered to the purchaser (a wholly owned subsidiary of the group).

• Development Covenant – Under the building covenant, Able Engineering must complete construction and make the building(s) fit for occupation on or before 31 March 2032.

The board, led by Chairman Yau Kwok Fai and CEO Lee Hang Wing James, confirmed adherence to all sale conditions and will proceed with the mandated development schedule.

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