BAUHAUS INT'L subsidiary plans to acquire Hong Kong property for HKD 8.32 million
BAUHAUS INT'L's wholly-owned subsidiary Bauhaus Property Limited has signed a provisional sale and purchase agreement with Qiu Hanqiang and Zheng Lifang to acquire the property located at Room A, 8th Floor, Block 12, Laguna City, 17 Li Gang Street, Kowloon, for HKD 8.32 million. The acquisition is expected to be completed on or before November 7, 2025, and the property will be used as employee dormitories to enhance the attractiveness and competitiveness of employee compensation
According to the Zhitong Finance APP, BAUHAUS INT'L (00483) announced that on September 5, 2025, the buyer (the company's wholly-owned subsidiary Bauhaus Property Limited) and the seller (Qiu Hanqiang and Zheng Lifang) entered into a provisional sale and purchase agreement for the purchase of a property at a price of HKD 8.32 million. The acquisition is expected to be completed on or before November 7, 2025.
The property is located at Room A, 8th Floor, Block 12, Laguna City, 17 Lai Kong Street, Kowloon, Hong Kong.
The property is intended to be used as employee accommodation for the group. The property is conveniently located near the MTR Lam Tin Station. The group believes that providing employee accommodation will enhance the attractiveness and competitiveness of the group's employee compensation package
