ABLE ENG HLDGS (01627) is planning to acquire an industrial and warehouse building.

ABLE ENG HLDGS (01627) announced that on June 18, 2026, the buyer (an indirect wholly-owned subsidiary of the company) entered into a provisional agreement with the seller, whereby the buyer agreed to acquire and the seller agreed to sell the property for a price of HK$173 million. The property comprises all the land or lots registered at the Hong Kong Land Registry as Lot No. 215 in Demarcation District No. 1104, along with the residential buildings and structures already built on it, located at 1 Kung Ting Road, Sai Kung, New Territories. The property is a 4-storey industrial and warehouse building completed in 1993, with a total floor area of approximately 9,344 square meters. The acquisition will provide the group with a work space for its own use, allowing for future development such as establishing a workshop to meet licensing requirements from relevant government departments, storing machinery, factory equipment, and building materials, establishing an innovation and technology team to improve research and development of building materials and methods, and renting out any remaining space in the building (if any).