Asiaray Media Group Ltd. (HK:1993) has released an update.
Claim 50% Off TipRanks Premium
- 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
Asiaray Media Group Ltd. has secured exclusive rights for advertising and media operations at Haikou Meilan International Airport, in a deal requiring the company to pay concession fees of up to RMB 65 million over two years, with a potential three-year renewal. This transaction, which falls between 5% and 25% of the company’s asset ratio, mandates disclosure under Chapter 14 of the Listing Rules but does not require shareholder approval. The agreement will see these exclusive rights recognized as right-of-use assets in Asiaray’s consolidated financial statements.
For further insights into HK:1993 stock, check out TipRanks’ Stock Analysis page.