Hung Hsing: Subsidiary Zhan Sheng Investment Co., Ltd. Announces Acquisition of Usage Rights Assets from Related Party
Hung Hsing announced that its subsidiary, Zhan Sheng Investment Co., Ltd., will acquire usage rights for office space in Hong Kong from related party Zhang Guiyu. The lease is for 3 years at a monthly rent of HKD 20,000.
📋 Article Processing Timeline
- 📰 Published: April 30, 2026 at 09:00
- 🔍 Collected: May 1, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 1, 2026 at 14:54 (6h 54m after Collected)
1. Name and nature of the target object (e.g., land in XX section XX subdivision, XX district, Taichung City): Room 1203, Block A, Fortune Centre, 1 Ho To Road, Sha Tin, New Territories, Hong Kong
2. Date of occurrence: 115/4/30~115/4/30
3. Date approved by the board of directors: April 30, 2026
4. Other approval dates: Not applicable
5. Transaction unit quantity (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
Lease area: 36.11 ping
Rent amount: HKD 20,000 per month (including tax)
Usage rights asset amount: HKD 698,818.15
6. Transaction counterparty and relationship with the company (if the counterparty is an individual and not a related party, disclosure of their name is not required):
Transaction counterparty: Zhang Guiyu
Relationship with the company: Related Party
7. If the transaction counterparty is a related party, the reasons for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the transaction counterparty, and the date and amount of the previous transfer must also be announced:
Reason for selecting the related party as the transaction object: Required for operations
Previous owner: Not applicable
Relationship between the previous owner and the company and the transaction counterparty: Not applicable
Date and amount of previous transfer: Not applicable
8. If the owner of the transaction target has been a related party of the company within the last five years, the date of acquisition and disposal, price, and relationship with the company at the time of the transaction must also be announced:
Not applicable
9. Estimated profit (or loss) from disposal (not applicable for asset acquisition) (if deferred, list the recognition situation):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
(1) Payment terms: HKD 20,000 per month (including tax)
(2) Payment period: 3 years
(3) Contract restrictions and other important agreements: None
11. Method of transaction decision (e.g., tender, bid, or negotiation), reference basis for price determination, and decision-making unit:
Transaction decision method: Negotiation
Reference basis for price determination: Based on market conditions
Decision-making unit: Board of Directors
12. Name of professional appraisal firm or company and their appraised amount:
Not applicable
13. Name of professional appraiser:
Not applicable
14. Professional appraiser's license number:
Not applicable
15. Is the appraisal report a limited price, specific price, or special price? No or not applicable
16. Is the appraisal report not yet obtained? No or not applicable
17. Reason for not obtaining the appraisal report:
Not applicable
18. If there are significant differences in appraisal results, the reasons for the differences and the accountant's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of accountant:
Not applicable
21. Accountant's license number:
Not applicable
22. Broker and brokerage fee:
Not applicable
23. Specific purpose or use of acquisition or disposal: For business use
24. Opinions of dissenting directors on this transaction: None
25. Is this transaction a related party transaction? Yes
26. Date of approval by supervisor or audit committee:
Not applicable
27. Is this transaction an acquisition of real estate or its usage rights from a related party? Yes
28. Price assessed according to Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Publicly Offered Companies": Not applicable
29. If the price assessed according to the preceding article is lower than the transaction price, the price assessed according to Article 17 of the same regulations: Not applicable
30. Date of previous announcement of major information on the same event: Not applicable
31. Other matters to be noted:
None
Keywords: Major Information
2. Date of occurrence: 115/4/30~115/4/30
3. Date approved by the board of directors: April 30, 2026
4. Other approval dates: Not applicable
5. Transaction unit quantity (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
Lease area: 36.11 ping
Rent amount: HKD 20,000 per month (including tax)
Usage rights asset amount: HKD 698,818.15
6. Transaction counterparty and relationship with the company (if the counterparty is an individual and not a related party, disclosure of their name is not required):
Transaction counterparty: Zhang Guiyu
Relationship with the company: Related Party
7. If the transaction counterparty is a related party, the reasons for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the transaction counterparty, and the date and amount of the previous transfer must also be announced:
Reason for selecting the related party as the transaction object: Required for operations
Previous owner: Not applicable
Relationship between the previous owner and the company and the transaction counterparty: Not applicable
Date and amount of previous transfer: Not applicable
8. If the owner of the transaction target has been a related party of the company within the last five years, the date of acquisition and disposal, price, and relationship with the company at the time of the transaction must also be announced:
Not applicable
9. Estimated profit (or loss) from disposal (not applicable for asset acquisition) (if deferred, list the recognition situation):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
(1) Payment terms: HKD 20,000 per month (including tax)
(2) Payment period: 3 years
(3) Contract restrictions and other important agreements: None
11. Method of transaction decision (e.g., tender, bid, or negotiation), reference basis for price determination, and decision-making unit:
Transaction decision method: Negotiation
Reference basis for price determination: Based on market conditions
Decision-making unit: Board of Directors
12. Name of professional appraisal firm or company and their appraised amount:
Not applicable
13. Name of professional appraiser:
Not applicable
14. Professional appraiser's license number:
Not applicable
15. Is the appraisal report a limited price, specific price, or special price? No or not applicable
16. Is the appraisal report not yet obtained? No or not applicable
17. Reason for not obtaining the appraisal report:
Not applicable
18. If there are significant differences in appraisal results, the reasons for the differences and the accountant's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of accountant:
Not applicable
21. Accountant's license number:
Not applicable
22. Broker and brokerage fee:
Not applicable
23. Specific purpose or use of acquisition or disposal: For business use
24. Opinions of dissenting directors on this transaction: None
25. Is this transaction a related party transaction? Yes
26. Date of approval by supervisor or audit committee:
Not applicable
27. Is this transaction an acquisition of real estate or its usage rights from a related party? Yes
28. Price assessed according to Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Publicly Offered Companies": Not applicable
29. If the price assessed according to the preceding article is lower than the transaction price, the price assessed according to Article 17 of the same regulations: Not applicable
30. Date of previous announcement of major information on the same event: Not applicable
31. Other matters to be noted:
None
Keywords: Major Information