Asiasec Properties Limited ("ASL"), formerly known as Dan Form Holdings Company Limited ("Dan Form"), was incorporated in 1973, and was listed in the Stock Exchange of Hong Kong in the same year. In the year of 2016, the company and its subsidiaries (the "Group") was acquired by Autobest Holdings Limited, a wholly-owned subsidiary of Tian An China Investments Company Limited (Stock Code : 28), which becomes the largest shareholder of the Group. Mr. Patrick Lee Seng Wei is the Chairman of the Group. In the year of 2017, Dan Form changed its name to ASL.The Group’s core businesses comprise property investment, property leasing and estate management in Hong Kong.

Business Outlook 

The retail property leasing market in Hong Kong is expected to remain challenging throughout 2025, with continued pressure on rental rates and occupancy levels. Despite these broader market conditions, we anticipate a year of growth for the Group driven by key strategic developments and gradual economic improvements.

The expected completion and grand opening of Laneway (formerly Concord Square) in the second half of 2025 represents a significant milestone for the Group. Pre-leasing for the extensively refurbished shopping mall is positioned to secure anchor tenants and establish a foundation for the property’s successful launch.

On the macroeconomic front, interest rates are projected to decrease in 2025, albeit at a more measured pace than previously anticipated due to U.S. monetary policy adjustments. This more gradual easing should nevertheless provide support for property capital values and potentially improve investment sentiment in Hong Kong’s real estate sector in the medium term. The Group remains well-positioned to benefit from these developments while maintaining a disciplined approach to potential acquisitions.