FORTIOR (01304) Rises Over 4% with Plans to Acquire Shenzhen Nanshan Property for 710 Million Yuan, Aligning with Long-Term Strategic Development Goals

Stock News
2025/12/30

FORTIOR (01304) saw its shares rise more than 4%. As of the time of writing, the stock was up 3.92%, trading at 130 Hong Kong dollars, with a turnover of 14.7853 million Hong Kong dollars.

On the news front, FORTIOR 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 consideration of 710 million Chinese yuan.

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 made by the company based on its long-term development strategy and positive market outlook, aligning with the company's future growth requirements.

As the property is intended for the Group's research, development, and office use, its acquisition is strategically significant.

Upon the completion of construction and the commissioning of the newly acquired property, it is expected to significantly enhance the working and R&D environment.

This move will help accommodate the personnel expansion necessitated by the company's further scale-up, aiding in the retention and attraction of high-caliber talent.

Consequently, it will further bolster the company's overall competitiveness and lay a solid foundation for its sustained long-term development.

This initiative is fully in line with the company's strategic development objectives.

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