AMUSE GROUP (08545) announced that on August 15, 2025, the company's indirect wholly-owned subsidiary Sentinel International Co. Limited plans to acquire the property from Hu Jingrong for a consideration of HK$4.8 million. The property comprises Workshop 7 on the 7th floor of Hung Lung Industrial Building, located at 11 Lung Tak Street, Tsuen Wan, New Territories.
According to the announcement, the Group's rapid expansion in mainland China has led to increased demand, putting pressure on existing storage and distribution facilities that are approaching saturation. This has resulted in reduced inventory management efficiency and order fulfillment delays. To address this issue, it is necessary to acquire additional warehouse space to support the growing business operations.
The Group intends to use the property as a warehouse to provide adequate space for additional inventory, streamline logistics processes, reduce transportation costs, and shorten delivery times. This strategic initiative is expected to enhance operational efficiency and strengthen the company's competitive position in the Chinese market. The facility will also provide scalability for future expansion, including supporting new product lines and serving as a potential regional distribution hub.