Asiaray Media Group Ltd. (HK:1993) has released an update.
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Asiaray Media Group Ltd. has renewed tenancy agreements for two warehouses and a Shanghai office with entities connected to a major shareholder and executive director, Mr. Lam. These transactions are considered connected and are subject to reporting and announcement obligations, but do not require independent shareholder approval. The financial impact includes recognition of additional assets and expenses over the terms of the new agreements.
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