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Aoyuan Healthy Life Group Co. Ltd. ( (HK:3662) ) has shared an update.
Aoyuan Healthy Life Group’s wholly owned subsidiary Guangzhou Panyu Yuexi has signed a 10-year lease for all supermarket, catering and retail shop units on Basement Level 1 of Panyu Aoyuan Plaza in Guangzhou, with a gross floor area of about 15,678.68 square metres. The lease, classified as an acquisition of right-of-use assets under IFRS 16 and deemed a discloseable transaction under Hong Kong listing rules, carries an initial annual rent of RMB4.14 million with a 3% increase from the sixth year, and allows the tenant to sublease or franchise the premises, potentially expanding the group’s recurring income base and reinforcing its role as an operator of community commercial facilities without requiring shareholder approval.
The most recent analyst rating on (HK:3662) stock is a Hold with a HK$0.44 price target. To see the full list of analyst forecasts on Aoyuan Healthy Life Group Co. Ltd. stock, see the HK:3662 Stock Forecast page.
More about Aoyuan Healthy Life Group Co. Ltd.
Aoyuan Healthy Life Group Co. Ltd., through its subsidiary Starjoy Wellness and Travel Company Limited, operates in the wellness, lifestyle services and related commercial property operations segment, managing and operating retail and community-focused spaces such as supermarkets, catering and retail shops within integrated commercial plazas in mainland China.
Average Trading Volume: 262,109
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$297.8M
See more insights into 3662 stock on TipRanks’ Stock Analysis page.