A unit of Kato (Hong Kong) (HKG:2189) will acquire Hong Tak Home For the Elderly (Tsuen Wan) from two independent third parties for HK$2 million, a Monday bourse filing said.
The target company owns and manages the operation of an elderly residential care home in Tsuen Wan, Hong Kong.
The daycare services provider will also acquire the business license for operating the elderly residential care home at shop premises in Tsuen Wan, New Territories, Hong Kong, in the name of the target firm.
Completion of the acquisition is expected on or before Jan. 27, 2025.
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