Art Group Holdings Ltd. (HK:0565) has released an update.
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Art Group Holdings Ltd. has amended a lease contract through a Supplemental Agreement, reducing the rental area and consequently derecognizing RMB 157 million in right-of-use assets. The adjustment surpasses a 5% threshold, making this a discloseable transaction that will not require shareholder approval. The company’s trading remains suspended following this adjustment.
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