Centurion Corporation Limited (SG:OU8) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
