Grand Ming Group Holdings Ltd. has announced a potential transaction involving the sale of its entire issued share capital of Regal Development and Golden Ford, both associated with high-tier data center projects in Fanling, New Territories, Hong Kong. The transaction is subject to the completion of definitive agreements and fulfillment of conditions precedent. Currently, the iTech Tower 3.1 is substantially completed, while iTech Tower 3.2 is under construction. The consideration for Regal Development is expected to be up to HK$1.5 billion, with final terms depending on due diligence outcomes. The company's board advises shareholders and investors to exercise caution in dealings. Further announcements will be made in compliance with Listing Rules.
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