AMCO United (00630) said it agreed to acquire from GET Holdings (08100) the entire issued share capital of Bonus First Group Limited at HK$62 million.
The target is an investment holding company and its principal asset is Office 503 (also known as Unit 503), 5th Floor, Wing On House, No. 71 Des Voeux Road Central, Hong Kong, which is a commercial unit in Central and is currently leased out to an independent third party at a monthly rental of HK$85,176 for a period from 1 March 2014 to the end of February 2016.
The acquisition will enable the Group to purchase a property which may be used by the Group upon termination of the existing lease and realise the property for capital gain if there is an increase in the value of the property in the future.
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