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BetterLife Holding Limited ( (HK:6909) ) has provided an update.
BetterLife Holding Limited, through its indirect wholly-owned subsidiary Beijing BetterLife Group, has entered into a Longbao Lease Agreement to lease the Second Harbin 4S Dealership Store in Harbin City, China. This move is part of a series of transactions where the company aims to expand its dealership network focusing on automotive-related businesses, primarily the operation of BMW or other branded 4S dealership stores. The lease, which includes a BMW showroom and workshop, is set for eight and a half years with an annual rent of RMB3.15 million. The transaction is classified as discloseable under Hong Kong’s listing rules, indicating a strategic expansion in the automotive sector.
More about BetterLife Holding Limited
YTD Price Performance: -15.31%
Average Trading Volume: 271,431
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$516.7M
See more insights into 6909 stock on TipRanks’ Stock Analysis page.