Fairwood Holdings Secures Key Property

Fairwood Holdings (HK:0052) has released an update.

Fairwood Holdings has announced the purchase of a non-residential property in Kowloon, Hong Kong, for HK$62,880,000 by its subsidiary Fairwood Fast Food Limited. This strategic acquisition secures the subsidiary’s business location where it has operated a fast food restaurant since 2015, ensuring continuity and competitive advantage in the local market. The deal, subject to certain listing rules, is set to be finalized by 28 August 2024 and will be funded through the group’s internal resources.

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