Able Engineering (HKG:1627) said Hong Kong's Lands Department accepted its HK$1.63 billion bid to acquire a parcel of land in the city's New Territories region, according to a Wednesday filing with the Hong Kong bourse.
The firm plans to develop the land, which has a site area of around 14,152 square meters, for private residential purpose.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.