Miramar forms 50-50 joint venture with Tai Hung Fai Capital to buy MPM Plaza for HK$ 400 million

• Miramar formed a 50:50 joint venture with Tai Hung Fai Capital Investment, owned by Edwin Leong Siu Hung, to buy MPM Plaza.
• The JV signed an agreement on July 23, 2026 to acquire Smart View Enterprise, owner of the Mong Kok retail podium, for HK$ 400 million.
• Transaction assumes target bank debt capped at HK$ 900 million at completion, setting an implied property price of HK$ 1.3 billion.
• Completion targeted on or before Sept. 15, 2026; JV equity funding expected at about HK$ 400 million, split equally.
• HSBC issued a commitment for a HK$ 900 million refinancing facility; Miramar expects to guarantee up to HK$ 450 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Miramar Hotel & Investment Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260723-12254827), on July 23, 2026, and is solely responsible for the information contained therein.