SiS Completed Acquisition of Skyscraper Rinku Gate Tower Building in Osaka, Japan

Currently ranked as the 2nd tallest building in Japan

HONG KONG, Jan.18, 2013 /PRNewswire/ --

• At 256m, the acquired Skyscraper is currently ranked the second tallest building in Japan.
• Iconic 56-storey building in Osaka consisting of offices, hotel and an international convention centre.
• Prominent location, a station away from Osaka Kansai International Airport and next to Premium outlet shopping mall at 1 Rinku Oraikita, Izumisano, Osaka, Japan.
• Acquisition represents an opportune market entry point into the prime real estate in flagship cities in Japan and will further cement SiS's reach in seeking investment opportunities in key growth cities in Asia.

SiS International Holdings Limited ("The Group", SEHK: 00529), an investment Holding Company and a leading Technology Products distribution in Asia, announced that its indirect wholly owned subsidiary, SiS TMK had successfully completed the acquisition of the trust beneficial interest of Rinku Gate Tower Building in Osaka, Japan. 

Rinku Gate Tower Building, Osaka Japan

Rinku Gate Tower Building is located prominently in Rinku Town, Osaka, Japan and is currently ranked the 2nd tallest building in Japan. Standing at 256m tall, the 56-storey skyscraper with two basement floors, is located just a station away from Osaka Kansai International Airport and next to Premium outlet shopping mall at 1 Rinku Oraikita, Izumisano, Osaka, Japan. The iconic building in Osaka consists of offices, hotel and an international convention center.  Rinku Town is a key commercial district and its close proximity to the international airport makes it well suited for businesses and travellers. 

"The acquisition is in line with The Group's strategy in investing in income generating properties with potential long term appreciation in property value," said Mr. KH Lim, Chief Executive Officer of SiS International Holdings Limited.  "We are very pleased to have the rare opportunity to own a trophy property like the iconic Rinku Gate Tower Building.  This investment represents an opportune market entry point into the prime real estate in flagship cities in Japan and will further cement The Group's reach in seeking investment opportunities in key growth cities in Asia," continued Mr. Lim.

ABOUT SiS INTERNATIONAL HOLDINGS LIMITED (SiS) (stock code: 00529)

Founded in Singapore in 1983, SiS is an Investment Holding company and a leading Technology Product Distribution listed on the main board of the Hong Kong Stock Exchange.  Its principal business interests include Real Estate investment, Mobile & IT Products Distribution as well as Investments in Promising Businesses.

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Ms. Rhoda Chiu - Company Secretary
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Email: rhoda_chiu@sis.com.hk