Beijing Media Corp. Ltd. Class H ( (HK:1000) ) just unveiled an announcement.
Beijing Media Corporation Limited has announced the renewal of its property lease contracts with BJAI and Beijing Rural Exchange. The new lease agreements, effective from April 1, 2025, to March 31, 2028, involve leasing the 23rd and 19th floors of the BYDA Building. These transactions are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from independent shareholder approval due to the percentage ratios involved.
More about Beijing Media Corp. Ltd. Class H
Beijing Media Corporation Limited is a joint stock company incorporated in the People’s Republic of China, primarily involved in media and advertising services. The company focuses on leasing properties, including the BYDA Building, to various enterprises, enhancing its market presence in the real estate leasing sector.
YTD Price Performance: -7.50%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €9.69M
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