A & S Group Announces Major Warehouse Lease Deal

A & S Group (Holdings) Limited (HK:1737) has released an update.

A & S Group (Holdings) Limited has announced a major lease agreement, dubbed the Cainiao Tenancy Agreement II, for the lease of Cainiao Warehouse II for 32 months starting November 2024. This deal, combined with a previous similar transaction within the last year, is considered a major transaction according to Listing Rules, as the aggregated value exceeds a 25% ratio, requiring shareholder approval. The company has already secured written approval from a majority shareholder, negating the need for a general meeting.

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