Rykadan Capital Limited has announced a significant transaction involving the acquisition of a property. On May 30, 2025, the company's indirect wholly-owned subsidiary entered into an agreement with a vendor for the purchase of the property at a consideration of HK$47,594,399. The company plans to dispatch a circular to shareholders by July 25, 2025, providing further details of the acquisition and a valuation report on the property. Additional time is required to finalize the statement of indebtedness, working capital sufficiency, and certain financial information. Rykadan Capital Limited is seeking a waiver from the Stock Exchange to delay the circular's dispatch beyond the initially planned date.
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