Shui On Construction has purchased more than 300 million Kwun Tong commercial buildings

Shui On Construction (00983) announced that it has acquired a commercial building at 93 Wai Yip Street, Kwun Tong for a price of $304 million.

The Board believes that the acquisition is a good opportunity for the company to expand its portfolio of properties beyond the Mainland, and the expected growth in property value will benefit the company.