China Merchants Land Limited (HK:0978) 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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into HK:0978 stock, check out TipRanks’ Stock Analysis page.