China Merchants Land Limited (HK:0978) has released an update.
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China Merchants Land Limited, under its subsidiary Shanghai Bangxin, has entered into a one-year tenancy agreement with Nanjing Xuansheng, commencing from August 2024. The premises, a sizeable commercial complex in Nanjing, will be used to operate a shopping mall. This deal is classified as a continuing connected transaction according to the Listing Rules, exempting it from shareholder approval but requiring regular reporting and review.
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