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A.Plus Group Holdings Limited ( (HK:1841) ) has provided an update.
A.Plus Group Holdings has entered into a new three year office lease in Sheung Wan, Hong Kong, through its subsidiary Merit Leader, expanding its premises under a series of tenancy agreements with landlords Kam Wah and Joinice. The lease, covering the third floor of OfficePlus @Sheung Wan at a monthly rent of HK$140,000 and a total consideration of HK$4.76 million funded by internal resources, will be recognised as right of use assets under HKFRS 16 and, when aggregated with earlier leases, qualifies as a discloseable transaction under Hong Kong listing rules, requiring market notification and underscoring the group’s ongoing investment in office infrastructure.
More about A.Plus Group Holdings Limited
A.Plus Group Holdings Limited is an investment holding company whose subsidiaries mainly provide financial printing services in Hong Kong. Its indirect wholly owned subsidiary Merit Leader focuses on business management services for the group, supporting its operational and administrative needs.
Average Trading Volume: 215,909
Technical Sentiment Signal: Buy
Current Market Cap: HK$94M
For a thorough assessment of 1841 stock, go to TipRanks’ Stock Analysis page.