Chong Fai Jewellery to buy 25% stake in target company for HK$ 8.8 million

PUBT·05/13/2026 10:45:30

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Chong Fai Jewellery agreed to buy 25% of target company Cheuk Wai Jewellery for HKD 8.8 million in cash, lifting its stake to about 45% from about 20%.
Seller Fu Chun Keung will retain about 51% of Cheuk Wai, which mainly holds a Hong Kong commercial property valued at HKD 55.4 million as of March 31, 2026.
Deal terms include a right of first refusal for Chong Fai to buy or subscribe for additional shares in Cheuk Wai.
Seller also granted Chong Fai group’s tenant unit an option to renew existing lease on the property for up to five years at no worse than prevailing fair market rent for comparable premises.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chong Fai Jewellery Group Holdings Company Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260513-12157792), on May 13, 2026, and is solely responsible for the information contained therein.

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