Link Real Estate Investment Trust (SEHK:823) signed agreement to acquire unknown minority stake in Apollo Luck Limited from FU TUNG HOLDINGS LIMITED for HKD 2.7 billion on November 10, 2021. Under the agreement, Link Real Estate Investment Trust will acquire shares and debt of Apollo Luck Limited. Link Real Estate Investment Trust shall pay HKD 50 million on October 22, 2021 upon submission of tender, HKD 50 million payable on November 29, 2021 and remaining payable on completion. In a related transaction, Link Real Estate Investment Trust (SEHK:823) signed agreement to acquire Zung Fu Land Investment Limited from FU TUNG HOLDINGS LIMITED for HKD 3.1 billion on November 10, 2021. The transaction will be funded from Link's own resources and debt facilities. Transaction is subject to certain conditions including provision of true warranties and other conditions as agreed between the parties. Completion is scheduled to take place on December 31, 2021. The transaction can be terminated if any of the conditions not satisfied or deposit not paid by November 29, 2021.

Link Real Estate Investment Trust (SEHK:823) completed the acquisition of an unknown minority stake in Apollo Luck Limited from Fu Tung Holdings Limited on December 31, 2021.