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AEON Stores Enters New Eight-Year Tenancy Agreement

Story Highlights
  • AEON Stores’ subsidiary AEON GD signed an eight-year lease with Teem Holding.
  • The lease is a major transaction, valued at RMB88.34 million, requiring reporting but not a general meeting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AEON Stores Enters New Eight-Year Tenancy Agreement

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The latest update is out from AEON Stores (Hong Kong) Co., Limited ( (HK:0984) ).

AEON Stores (Hong Kong) Co., Limited announced that its subsidiary AEON GD has entered into a new Tenancy Agreement with Teem Holding for an eight-year lease starting July 2025. This agreement, valued at approximately RMB88.34 million, is considered a major transaction under the Listing Rules and involves the recognition of the premises as a right-of-use asset. The transaction does not require a general meeting for approval due to written consent from AEON Co., the majority shareholder, and is subject to reporting and announcement requirements.

More about AEON Stores (Hong Kong) Co., Limited

AEON Stores (Hong Kong) Co., Limited operates in the retail industry, focusing on providing a variety of consumer goods through its stores. The company is a subsidiary of AEON Co. and has a significant presence in the Hong Kong market.

Average Trading Volume: 78,194

Technical Sentiment Signal: Sell

Current Market Cap: HK$98.8M

Learn more about 0984 stock on TipRanks’ Stock Analysis page.

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