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CROSSTEC Group Holdings Ltd. ( (HK:3893) ) has provided an announcement.
CROSSTEC Group Holdings Limited, a company incorporated in the Cayman Islands, has entered into a tenancy agreement with Shenzhen Jindi for leasing office premises in Shenzhen, China. This transaction, classified as a discloseable transaction under the Listing Rules, involves the recognition of a right-of-use asset on the company’s financial statements, indicating an asset acquisition. The lease is set for 38 months, with a total rent of RMB3,201,000, and includes several rent-free periods, highlighting a strategic move to expand or maintain operations in Shenzhen.
More about CROSSTEC Group Holdings Ltd.
Average Trading Volume: 623,904
Technical Sentiment Signal: Sell
Current Market Cap: HK$18.66M
For a thorough assessment of 3893 stock, go to TipRanks’ Stock Analysis page.