Understanding the Market | SJM HOLDINGS fell nearly 5% after signing a property acquisition agreement with a subsidiary of SHUN TAK HOLD

SJM HOLDINGS fell nearly 5%, as of the time of writing, down 4.91% to HKD 3.1, with a trading volume of HKD 67.035 million. In terms of news, SJM HOLDINGS announced that on July 28, 2025, the buyer SJM Investment (a subsidiary of the company) entered into a purchase agreement with the seller Zhuhai Hengqin Shun Tak Real Estate Development Co., Ltd. (a subsidiary of Shun Tak Group). According to the purchase agreement, the seller conditionally agreed to sell and the buyer conditionally agreed to purchase the property, which is free of any property burdens. The price of the property has been agreed at RMB 724.20 million (approximately HKD 803.21 million, excluding tax), to be paid in cash in seven stages. It is reported that the property consists of 12 floors of subdivided office units located on the 21st to 29th floors and the 31st to 33rd floors of an office building at No. 59 Jilin Road, Hengqin New District, Zhuhai (with a total construction area of approximately 19,651 square meters), as well as a retail unit currently marked as Shop 126 located at No. 28 Shun Tak Street, Hengqin New District, Zhuhai (with a total construction area of approximately 130 square meters)