BAUHAUS INT'L to Acquire Hong Kong Property for HK$6.21 Million

Stock News

Mar 04

BAUHAUS INT'L (00483) has announced that on March 4, 2026, the buyer, its wholly-owned subsidiary Tough Jeans Retail Limited, entered into a provisional sale and purchase agreement with the seller Bank of Communications (Hong Kong) Limited for the acquisition of a property at a purchase price of HK$6.21 million. The acquisition is expected to be completed on or before April 16, 2026. The property is located at Flat D, 39th Floor, Block 9, Phase 2, Belvedere Garden, 620 Castle Peak Road, Tsuen Wan, New Territories, Hong Kong. The property is intended to be used as staff quarters for the Group, providing accommodation for frontline sales representatives working in its retail stores, including certain non-local workers retained under the Supplementary Labour Optimisation Scheme, an employment and labour importation scheme administered by the Hong Kong Government.

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The acquisition is expected to be completed on or before April 16, 2026. The property is located at Flat D, 39th Floor, Block 9, Phase 2, Belvedere Garden, 620 Castle Peak Road, Tsuen Wan, New Territories, Hong Kong. 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