DAH SING (00440) has announced that on February 27, 2026 (after trading hours), the buyer, Dah Sing Properties Limited—an indirect wholly-owned subsidiary of the Dah Sing Banking Group—entered into a sale and purchase agreement with the seller, Reward Investment Limited. Under the agreement, the seller agreed to sell and the buyer agreed to acquire the property for a consideration of approximately HK$839 million.

The property includes the entire ground-floor retail portion of the "Wai Wah Hui" building, located at 36 Heung Yip Road, Wong Chuk Hang, Hong Kong, as well as the 6th, 7th, 8th, 9th, 10th, 11th, 12th, 15th, 17th, and 18th floors. The acquisition also includes the right to change the building's name and its signage, five advertising board units on the building's exterior wall, and 20 parking spaces.

With the exception of the entire 6th and 18th floors, the property is vacant and available for possession. Unit 1 on the 6th floor is currently leased by the seller (as the landlord) to a third party (as the tenant) under a tenancy agreement with a monthly rent of approximately HK$383,900 (excluding rates, government rent, and management fees). The lease commenced on March 3, 2025, and will expire on March 2, 2030. The 18th floor is also subject to a lease between the seller (as landlord) and a third-party tenant, with a monthly rent of approximately HK$982,100 (excluding rates, government rent, and management fees). This lease began on October 3, 2025, and will end on October 2, 2031.

Under the sale and purchase agreement, the buyer has agreed to acquire the property subject to these existing tenancies. Apart from these leases, the property is free from any encumbrances. The property is primarily intended for self-use. The existing tenancies on the leased floors may be terminated early.

The board of directors believes that the acquisition and ownership of the property align with the long-term interests of the group, as it is expected to enhance operational efficiency by reducing potential future reliance on leased properties and associated long-term rental expenses. The acquisition also provides necessary space to support future business growth.