Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
AEON Stores (Hong Kong) Co., Limited ( (HK:0984) ) has shared an announcement.
AEON Stores (Hong Kong) Co., Limited announced that its subsidiary, AEON GD, has entered into a 15-year lease agreement for premises in Zhuhai City, China, to expand its retail operations. This lease agreement, valued at approximately RMB38.8 million as a right-of-use asset, is considered a major transaction under Hong Kong’s Listing Rules. The agreement is expected to enhance AEON’s market presence in the region, with the lease terms including a base rent and management fees determined through market-based negotiations. The company has secured written approval from its majority shareholder, AEON Co, allowing it to bypass a general meeting for this transaction.
The most recent analyst rating on (HK:0984) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on AEON Stores (Hong Kong) Co., Limited stock, see the HK:0984 Stock Forecast page.
More about AEON Stores (Hong Kong) Co., Limited
AEON Stores (Hong Kong) Co., Limited operates in the retail industry, focusing on providing a range of consumer goods through its stores. The company is a part of the AEON Group, which is a major retailing group in Asia.
YTD Price Performance: -14.44%
Average Trading Volume: 69,382
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$100.1M
For an in-depth examination of 0984 stock, go to TipRanks’ Overview page.