Cirtek Holdings Revises Major Lease Terms

Cirtek Holdings Limited (HK:1433) has released an update.

Cirtek Holdings Limited has announced amendments to its major transaction lease terms, including changes to the security deposit description, the period within which a breach of lease occurs due to non-payment of rent, and the removal of a clause allowing machinery and equipment removal without rent payment post-lease expiry. These adjustments come after the original lease announcements on 23 July and 13 August 2024, and are deemed fair by the company’s directors after arm’s length negotiations.

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