Chu Kong Shipping Enterprises (Group) Co. Ltd. (HK:0560) has released an update.
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Chu Kong Shipping Enterprises has secured a 20-year lease agreement for a new logistics hub in Foshan City, China, starting January 2025. This strategic move will enhance the company’s operational capabilities in terminal and cargo handling, warehousing, and office operations. The transaction meets disclosure requirements but is exempt from shareholder approval under Hong Kong’s Listing Rules.
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