FORTIOR (01304) Plans 710 Million Yuan Acquisition of Property in Nanshan, Shenzhen

Stock News
2025/12/29

FORTIOR (01304) announced that on December 25, 2025, its board of directors reviewed and approved the company's plan to enter into agreements with the seller, Shenzhen Qianhai Shekou Qidi Industrial Co., Ltd., on substantially similar terms. Under these agreements, the company has agreed to purchase, and the seller has agreed to sell, a property for a total consideration of RMB 710 million.

The property comprises the entire Building 1 of the Runrong Mansion (Phase II) commercial development, situated on land parcel T102-0482 in Block 02, Unit 15, Mawan, Qianhai Shenzhen-Hong Kong Cooperation Zone, Nanshan District, Shenzhen, designated for office and commercial use. The total gross floor area of the property is approximately 25,204.97 square meters, which includes office units with a floor area of 23,669.54 square meters and commercial units with a floor area of 1,535.43 square meters.

The proposed acquisition represents a prudent decision by the company based on its long-term development strategy and positive market outlook, aligning with the company's future growth requirements. The property is intended for use as research, development, and office space for the group.

Once the newly acquired property is completed and operational, it is expected to enhance the working and R&D environment, accommodate personnel expansion resulting from further company growth, help retain and attract high-end talent, further improve the company's overall competitiveness, and lay a solid foundation for its long-term development. This move is in line with the company's strategic development objectives.

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