NVC Lighting announced that it has acquired an office in Xiangzhou District, Zhuhai, including office buildings, business showrooms and underground car parks. It is intended to be used as a core business of the Group's home lighting business. The cash consideration is RMB 345 million and will be funded by internal resources. .
The property has completed planning and design approval. The property will comprise an office building with a total gross floor area of ​​approximately 15,000 square meters; a business exhibition hall with a total gross floor area of ​​approximately 15,000 square meters; and an underground parking lot with a total gross floor area of ​​approximately 10,000 square meters. The Group intends to use the office buildings, business showrooms and underground car parks included in the properties for office purposes.
The Group intends to use the property as an office for core businesses such as the Group's home lighting after the completion of the acquisition. The Board of Directors believes that the Acquisition can meet the Group's rapidly growing business needs, save on rent and achieve effective value added of the Group's assets.
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