Yan Tat Group Holdings (HKG:1480) is acquiring a property in Selangor, Malaysia from A.D. Trends for about HK$76.6 million, according to its Hong Kong Stock Exchange filing last Friday.
The acquisition was formalized through a sale and purchase agreement between Yan Tat Technology, a wholly-owned subsidiary of the group, and the vendor on Feb. 24.
The property consists of industrial land, a factory unit with an office, two factory units, and ancillary facilities.
The acquisition is subject to the fulfillment of certain conditions precedent, including approval from the state authority of Malaysia.
Price (HKD): $1.03, Change: $-0.010, Percent Change: -0.96%
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