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Bright Smart Details HK$80.6 Million Right-of-Use Assets from Amended Tenancy Deals

Story Highlights
  • Bright Smart itemized HK$80.6 million in right-of-use assets from amended connected tenancy agreements.
  • The supplemental disclosure clarifies lease-related accounting impacts while leaving all prior terms unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bright Smart Details HK$80.6 Million Right-of-Use Assets from Amended Tenancy Deals

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The latest update is out from Bright Smart Securities & Commodities Group Limited ( (HK:1428) ).

Bright Smart Securities & Commodities Group Limited has issued a supplemental announcement detailing the breakdown of approximately HK$80.6 million in right-of-use assets arising from amendment agreements to multiple connected tenancy agreements for its office premises and car parking spaces in Hong Kong. The disclosure itemizes the right-of-use asset values for each amended lease, including major locations such as Wing On, Honour House and other offices and parking facilities, clarifying the accounting impact of these connected transactions while confirming that all previously announced terms remain unchanged.

The most recent analyst rating on (HK:1428) stock is a Hold with a HK$9.00 price target. To see the full list of analyst forecasts on Bright Smart Securities & Commodities Group Limited stock, see the HK:1428 Stock Forecast page.

More about Bright Smart Securities & Commodities Group Limited

Bright Smart Securities & Commodities Group Limited is a Hong Kong-listed financial services group providing securities and commodities brokerage and related financial services. The company operates through a network of offices and facilities in Hong Kong, using leased premises across various commercial buildings to support its trading, client service and back-office operations.

Average Trading Volume: 17,968,686

Technical Sentiment Signal: Buy

Current Market Cap: HK$14.43B

Find detailed analytics on 1428 stock on TipRanks’ Stock Analysis page.

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