ABLE ENG HLDGS has announced that on June 18, 2026, the buyer, an indirect wholly-owned subsidiary of the company, entered into a provisional agreement with the seller.

The agreement stipulates that the buyer will acquire, and the seller will sell, the property for a consideration of HK$173 million.

The property comprises all land or plots registered in the Hong Kong Land Registry as Lot No. 1104 in Demarcation District No. 215, along with the existing residential buildings and structures thereon, located at 1 Hong Ting Road, Sai Kung, New Territories.

The asset is a four-storey industrial and warehouse building completed in 1993, with a total gross floor area of approximately 9,344 square meters.

This acquisition will provide the group with self-use workspace, offering more room for its future development.

Potential uses include providing space to establish its own workshop to meet licensing requirements from relevant government departments, storing machinery, plants, and construction materials, forming an innovation and technology team to promote research and development for improving building materials and construction methods, and leasing any remaining space in the building.