Asia Standard International Group Limited (ASASF), a subsidiary of Asia Orient Holdings Limited, invests in, develops, and manages commercial, residential, retail, and hotel properties; operates hotels under the Empire brand name including five properties in Hong Kong; engages in property sales and leasing; pursues financial investments in securities and other assets; and provides real estate agency, financing, management, project management, construction services, and travel agency operations. The company, founded in 1984 and headquartered at YF Life Tower in Wan Chai, Hong Kong, conducts its activities across Hong Kong, first-tier cities in the People's Republic of China, and Canada through four main segments: Property Sales, Property Leasing, Hotel Operation, and Financial Investments. Recent developments include a significant revenue increase to HK$5,340 million driven by residential sales recognition; entry into a Sale and Purchase Agreement to acquire the remaining 1.031% stake in Asia Standard Hotel Group Limited to streamline its corporate structure and cut administrative costs; and a wholly-owned subsidiary, The Sai Group Limited, acquiring 47.6013 million shares of Asia Standard Hotels from connected parties.