Centurion Corporation Limited (SG:OU8) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Centurion Corporation Limited, through its subsidiary, has secured a master lease to transform a Hong Kong property into a 550-bed worker accommodation facility, set to operate under its Westlite brand from October 2024. The lease, part of the company’s asset-light growth strategy, began on July 3, 2024, and will run until May 2030, with a renewal option for an additional five years. This expansion aligns with Centurion’s global accommodation business objectives and is not expected to materially impact its earnings for the year.
For further insights into SG:OU8 stock, check out TipRanks’ Stock Analysis page.