The Hong Kong-listed company’s subsidiary agrees to purchase a ground-floor commercial property in a connected transaction.
Litu Holdings Limited has now reportedly agreed to acquire a ground-floor shop in Hong Kong’s Wan Chai district for HK$12.51 million, as per a company announcement. The transaction will be carried out through Gold In Properties Limited, a wholly owned subsidiary of Litu Holdings, with the consideration payable in cash.
The property, identified as Shop D of Kam Chung Building, is located at the junction of Jaffe Road and Fenwick Street in Wan Chai. Completion of the transaction is scheduled to take place on or before October 5, 2026, subject to the terms of the agreement.
The deal is classified as a connected transaction.
The acquisition has been classified as a connected transaction under Hong Kong listing rules because of the relationship between the seller and individuals connected with Litu Holdings. According to the announcement, the vendor, Po Global Limited, is wholly owned by a close relative of an executive director and the spouse of a controlling shareholder. Because of this relationship, the transaction is subject to disclosure requirements under Hong Kong’s regulatory framework.
However, the transaction doesn’t require an independent shareholders’ vote. The company said the interested director abstained from voting on the matter, addressing the potential conflict of interest associated with the acquisition.
Part of Litu Holdings’ property strategy.
Litu Holdings operates businesses including the printing and manufacturing of paper packaging and related materials, alongside investment property activities. The company has previously undertaken property acquisitions in Hong Kong as part of its broader business operations.
In March 2025, for example, its wholly owned subsidiary agreed to acquire a substantial portfolio of properties in Kam Chung Building for HK$388 million. That transaction covered several floors and commercial units in the same Wan Chai building. The latest purchase is considerably smaller but adds another commercial unit to the company’s Hong Kong property holdings.
The HK$12.51 million purchase highlights Litu Holdings’ continued involvement in Hong Kong’s commercial property market. The connected-party nature of the deal also underscores disclosure and governance requirements for transactions involving company-related parties.
