Safety Godown Takes 30% Stake in Property JV for HK$65 Million

MT Newswires Live

6 hours ago

Safety Godown Company (HKG:0237) has taken a 30% stake in a portfolio of properties owned by Double Glory Ventures as part of a new joint venture for nearly HK$65 million, according to a Wednesday filing with the Hong Kong bourse.

The company said it will perform renovation works at the properties with its JV partner and will pay for the stake in three tranches, including a deposit of HK$13 million.

Safety Godown will receive 30 sponsor ordinary shares in the company directly holding the properties reflecting its 30% stake in the joint venture.

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.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2668095654"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2668095654\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2668095654?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-17 13:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2668095654","market":"fut","top_or_hot":-1,"title":"Safety Godown Takes 30% Stake in Property JV for HK$65 Million","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/00237\">Safety Godown</a> Company (HKG:0237) has taken a 30% stake in a portfolio of properties owned by Double Glory Ventures as part of a new joint venture for nearly HK$65 million, according to a Wednesday filing with the Hong Kong bourse.</p><p>The company said it will perform renovation works at the properties with its JV partner and will pay for the stake in three tranches, including a deposit of HK$13 million.</p><p>Safety Godown will receive 30 sponsor ordinary shares in the company directly holding the properties reflecting its 30% stake in the joint venture.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Safety Godown Takes 30% Stake in Property JV for HK$65 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSafety Godown Takes 30% Stake in Property JV for HK$65 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-17 13:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/00237\">Safety Godown</a> Company (HKG:0237) has taken a 30% stake in a portfolio of properties owned by Double Glory Ventures as part of a new joint venture for nearly HK$65 million, according to a Wednesday filing with the Hong Kong bourse.</p><p>The company said it will perform renovation works at the properties with its JV partner and will pay for the stake in three tranches, including a deposit of HK$13 million.</p><p>Safety Godown will receive 30 sponsor ordinary shares in the company directly holding the properties reflecting its 30% stake in the joint venture.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SRT.SI","symbol_name":"CSOP S-REITs INDEX ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2668095654","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2668095654","pubTimestamp":1789622240,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Safety Godown Company  has taken a 30% stake in a portfolio of properties owned by Double Glory Ventures as part of a new joint venture for nearly HK$65 million, according to a Wednesday filing with the Hong Kong bourse.The company said it will perform renovation works at the properties with its JV partner and will pay for the stake in three tranches, including a deposit of HK$13 million.Safety Godown will receive 30 sponsor ordinary shares in the company directly holding the properties reflecting its 30% stake in the joint venture.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SRT.SI":"CSOP S-REITs INDEX ETF","BK1229":"房地产经营公司","JJJ.SI":"Lion-Nomura Japan Active ETF","CLR.SI":"LION-PHILLIP S-REIT","00237":"安全货仓","CFA.SI":"NikkoAM-STC Asia REIT","GLS.SI":"Lion SG Phy Gold S$","SRU.SI":"CSOP iEdge SREIT ETF US$","BK1258":"房地产运营公司"},"translate_title":"Safety Godown以6500万港元收购物业合资公司30%股权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLR.SI":0.6,"JJJ.SI":0.6,"SRT.SI":0.6,"GLS.SI":0.6,"SRU.SI":0.6,"CFA.SI":1.5,"00237":0.9},"content_text":"Safety Godown Company (HKG:0237) has taken a 30% stake in a portfolio of properties owned by Double Glory Ventures as part of a new joint venture for nearly HK$65 million, according to a Wednesday filing with the Hong Kong bourse.The company said it will perform renovation works at the properties with its JV partner and will pay for the stake in three tranches, including a deposit of HK$13 million.Safety Godown will receive 30 sponsor ordinary shares in the company directly holding the properties reflecting its 30% stake in the joint venture.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}