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  5. Luk Fook Holdings Acquires Cyber Plaza

M&A Deal Summary

Luk Fook Holdings Acquires Cyber Plaza

On June 12, 2009, Luk Fook Holdings acquired retailer Cyber Plaza from Pacific Legend Development for 254M HKD

Acquisition Highlights
  • This is Luk Fook Holdings’ 1st transaction in the Retail sector.
  • This is Luk Fook Holdings’ largest (disclosed) transaction.
  • This is Luk Fook Holdings’ 1st transaction in China.

M&A Deal Summary
Date 2009-06-12
Target Cyber Plaza
Sector Retail
Buyer(s) Luk Fook Holdings
Sellers(s) Pacific Legend Development
Deal Type Divestiture
Deal Value 254M HKD

Target

Cyber Plaza

Hong Kong, China
Cyber Plaza y comprises a 18‐storey commercial building with its ground to third floors being devoted as retail purpose whilst the upper floors accommodating office units in which six floors being currently used as guesthouses.

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Buyer(S) 1

Buyer

Luk Fook Holdings

Sha Tin, China
Category Company
Founded 1991
Sector Metals/Mining
Employees6,700
Revenue 13.3B HKD (2025)
DESCRIPTION

Luk Fook Holdings is a provider of variety of platinum and gold jewellery and gold ornaments, gem-set jewellery, jadeites, gemstones and other accessory items. Luk Fook Holdings was founded in 1991 and is based in Sha tin, China.

DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2009 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Pacific Legend Development

Hong Kong, China
Category Company
Sector Distribution
DESCRIPTION

Pacific Legend Development Ltd. engages in sale and leasing of furniture, art and soft furnishings.

DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2009 M&A 1 of 1
Size (of disclosed) 1 of 1
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