REALTY Development Corp (RDC) will acquire from Lane Crawford International the entire issued share capital of Laser Developments for $200 million. Under the deal, RDC will acquire a total of 500 shares for $3,900, or $7.80 a share, to be paid in cash. In addition, RDC will buy the loans and advances owed by Laser, which total $199.99 million. Laser's only asset is a 100 per cent equity in another corporate body whose major asset is Shop C, ground floor, Wheelock House, in Central. The premises have a total gross floor area of 3,224 square feet. RDC is 72.4 per cent-owned by Hong Kong Realty and Trust Co (HK Realty).