Changhong Jiahua Holdings Ltd. (HK:3991) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Changhong Jiahua Holdings Ltd. has announced the renewal of their office lease in Beijing, entering into a new three-year agreement with Beijing Changhong for premises at the Technology Building, starting from June 1, 2024. This transaction is considered connected as Beijing Changhong is partly owned by the company’s controlling shareholder, Sichuan Changhong. The deal, conducted at market rates after arm’s length negotiations, satisfies the necessary reporting and announcement requirements but does not necessitate a shareholder vote.
For further insights into HK:3991 stock, check out TipRanks’ Stock Analysis page.